#User lost $460,000 in a simulated trading scam.#

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Overview

Recently, a user lost 143.45 ETH (approximately $460,800) due to a transaction simulation scam. The attacker exploited the delay between transaction simulation and execution in Web3 wallets by creating a phishing website. After the user submitted a transaction, the attacker immediately tampered with the on-chain state. The attack process involved the phishing website initiating a "Claim" ETH transfer request. The wallet simulated receiving a small amount of ETH, but the backend modified the contract state, resulting in the actual transaction draining the user's wallet assets. This incident serves as a reminder for users to exercise extreme caution when using Web3 wallets, avoid clicking on suspicious links, and be aware of the difference between transaction simulation and actual execution.

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Analysis

Recently, a user lost 143.45 ETH, approximately $460,800, due to a transaction simulation scam. The attacker exploited the delay between the transaction simulation feature in Web3 wallets and actual execution, creating a phishing website to manipulate the on-chain state after the user submitted the transaction. Specifically, the phishing website initiated a "Claim" ETH transfer request, and the wallet simulated receiving a small amount of ETH. However, the attacker modified the contract state in the backend, resulting in the actual transaction draining the user's wallet assets. This incident serves as a reminder for users to be cautious when identifying phishing websites and to be aware of the potential risks associated with transaction simulation features. Do not blindly trust the simulation results, especially for transactions involving large sums of money. It is crucial to carefully verify transaction information to avoid losses.

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Classic Views

Transaction simulation functionality has a security vulnerability.

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Attackers can exploit the delay to tamper with the on-chain state.

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Attackers can use phishing websites to trick users into making transactions.

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And then use the delay in the transaction simulation functionality to commit fraud.

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Users should be cautious when using transaction simulation.

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Avoid clicking suspicious links or making unknown transactions.

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Web3 wallets should strengthen security measures to prevent the malicious use of transaction simulation functionality.

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