Approval phishing scams represent a persistent and growing security vulnerability in Ethereum that drains user funds through social engineering
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"Phishing approvals continue draining crypto wallets. Security researchers say approval phishing remains one of the most common social engineering attacks in crypto because users unknowingly grant unlimited spending permissions while believing they are approving a harmless transaction."
"According to blockchain security firm CertiK, phishing scams caused $723 million in losses across 248 incidents during 2025."
"The latest phishing loss comes only days after another high-profile onchain incident highlighted a different risk facing crypto users. Earlier this week, a trader lost nearly $2 million after a decentralized exchange routed an Ether swap through a low-liquidity pool, allowing a same-block arbitrage trade to extract most of the transaction's value."