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Ethereum user loses $440K in USDC after signing a malicious permit

An Ethereum USDC holder

An Ethereum user lost $440,358 in USDC after signing a malicious ERC-20 permit signature, Scam Sniffer reported on 8 December 2025. A permit is an off-chain signature that lets another address spend your tokens, so no on-chain approval appears before the theft. Anyone who signs permit requests on unfamiliar sites is at risk; check the spender and amount before signing and revoke unknown permissions.

Why this severity: $440K reported stolen, 1 victims.

Started
Dec 8, 2025
Closed
Dec 8, 2025
Chains
Ethereum
Reported stolen
$440K
Victims
1

Follow this incident

At risk

  • An Ethereum USDC holder
  • Ethereum wallets

What to do now

  • Open a revoke tool (for example revoke.cash) and remove token permissions you do not recognise, including Permit2 allowances.
  • Move remaining funds to a fresh wallet if you are unsure what you signed.

Stay safe

Am I affected?

Only if you signed a 'permit' or 'Permit2' signature request on a site you did not fully trust. These show up as a signature (not a transaction) that names a spender and a token amount.

What to do now

  • Open a revoke tool (for example revoke.cash) and remove token permissions you do not recognise, including Permit2 allowances.
  • Move remaining funds to a fresh wallet if you are unsure what you signed.

How to avoid this

  • Read every signature request: if it names a spender and an amount, it can move your tokens.
  • Never sign permits from links in DMs, ads or replies.
  • Use a wallet or extension that decodes and warns on permit signatures.

Timeline 2

  1. Decrypt covers the case and explains how permit scams let attackers spend tokens without an on-chain approval.

    Source
  2. Scam Sniffer reports a user lost $440,358 in USDC after signing a malicious permit signature.

    Source
News & write-ups ›2

How this method works

You sign what looks like a harmless login message, but it is an off-chain permission that lets the attacker move your tokens. No gas, no transaction, so it feels safe. Read about permit and permit2 signature phishing →

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