#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. They created a phishing website and, after the user submitted a transaction, immediately tampered with the on-chain state, ultimately leading to the user losing all their assets. The attack process was as follows: the phishing website initiated a "Claim" ETH transfer request. The wallet simulated receiving a small amount of ETH, but the attacker then modified the contract state, causing the actual transaction to drain the user's wallet assets.

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Analysis

Recently, a user lost 143.45 ETH, approximately $460,800, due to a transaction simulation scam. This incident exposed a potential security vulnerability in the transaction simulation feature of Web3 wallets. Attackers exploited the delay between transaction simulation and actual execution by creating phishing websites and manipulating the on-chain state immediately after users submitted transactions. Specifically, attackers would initiate fake ETH transfer requests, and the wallet would simulate receiving a small amount of ETH. However, the attackers would then modify the contract state, resulting in the user's actual transaction depleting their wallet assets. This incident serves as a reminder for users to exercise extreme caution when using Web3 wallets for transactions, avoid clicking on unknown links, and carefully verify transaction information to prevent similar scams.

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Classic Views

Transaction simulation functionality has a security vulnerability, attackers can exploit the delay to tamper with the on-chain state, resulting in user losses.

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Attackers can induce users to trade through phishing websites, and after users confirm the transaction simulation, they can modify the contract state, resulting in users losing all their assets.

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Web3 wallet transaction simulation functionality needs to enhance security to prevent attackers from using delays to deceive.

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Users need to carefully identify phishing websites and carefully verify transaction information when making transactions to avoid losses.

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