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Just found out more than 88k usd worth of crypto was stolen from my metamask

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by COINS NEWS 145 Views

The comment about contract approvals is wrong. It's good advice, but it's not what happened to OP. Everybody is piling onto this assuming that OP got his tokens stolen by approving contracts with unlimited spend.

Here is why it's not an approval scam:

When you approve a contract to spend tokens, transactions that spend the token need to be going through that contract. Some wallet needs to call a function on that contract, which will transfer the tokens.

If you look at all the transactions with the money going into the thief's account, there is no third party contract involved: https://etherscan.io/tx/0x4feb0f0ca1b01977c454e33e8b431c114b78669878de0e8b176b3e3e357a91ba

The transactions are simple sends that are not interacting with any third party contract, transferring directly from OP's wallet to the thief's wallet. There is no approval scam here.

Wild that there's like 2 other people in this whole post that bothered to look at the transactions.


Hwo to read the etherscan transaction page:

What we see:

The 'From' field is OP's wallet address. This means the transaction was initiated by OP's wallet directly.

The 'To' field says it's a contract, but the contract name is 'Centre: USD Coin' and the address is the address of the USDC token. So this is a direct transfer of the token, and there is no third party contract involved here.

If it was an approval scam, what we would expect to see is:

The 'From' field could be OP's wallet address, or it could be a third party address. Either option is possible with an approval scam.

The 'To' field would NOT be the USDC contract, this would be some random contract, probably unnamed.


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