The post Over $6M Worth Cryptocurrencies Drained From DeFi Wallet Through Malicious Approvals appeared on BitcoinEthereumNews.com.

Web3 Antivirus highlighted that stETH and aEthWBTC cryptocurrencies worth over $6.5 million were drained. Funds were drained through malicious approvals. Another wallet had earlier lost ETH, LINK, DAI, and WBTC because of an address poisoning scam. Cryptocurrencies worth more than $6 million have been drained from a DeFi wallet. A malicious actor was able to transfer stETH and aEthWBTC through illegitimate approvals. A victim had earlier lost their funds via an address poisoning scam. Binance Founder Changpeng Zhao recently underlined how hackers were beginning to approach victims in a creative manner. DeFi Wallet Loses Over $6M Worth Cryptocurrencies According to an X post by Web3 Antivirus, a DeFi Wallet that was operational for 4.5 years was drained through malicious approvals. The user reportedly lost stETH and aEthWBTC worth more than $6.5 million. Stolen stETH alone were around $4 million, with aEthWBTC making up for the rest of the amount. We’ve detected one of the largest wallet drainers in recent months, with total losses now surpassing $6.5M. The victim wallet had been active for 4.5 years, trading and investing across DeFi, with significant activity on protocols like Lido and Aave. Despite this long history,… pic.twitter.com/Zfp9YhRGYj — Web3 Antivirus (@web3_antivirus) September 18, 2025 Malicious approvals happen when users unknowingly grant access to a smart contract by approving a transaction. Web3 Antivirus recommended that users verify permissions before granting them. It added that users should also consider revoking permissions that are no longer required. The incident reported by Web3 Antivirus has highlighted that the only way to stay protected is to prevent a malicious incident in Web3. Web3 Antivirus Earlier Reported Address Poisoning Scam Web3 Antivirus earlier reported a case of address poisoning scam. It said that a victim was slipped a lookalike address by scammers before multiple malicious transactions were executed. Funds…

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Filed under: News - @ September 19, 2025 7:27 pm