Venus Protocol User Loses $27M in Phishing Attack

A decentralized finance (DeFi) trader lost $27 million in crypto after falling victim to a phishing scam, according to blockchain security firm PeckShield. 

PeckShield reported on Tuesday that a user of the DeFi lending platform Venus Protocol saw crypto assets worth $27 million disappear in a phishing attack. 

A phishing attack is a type of scam where attackers trick victims into granting malicious permissions or revealing sensitive information by pretending to be a legitimate source. In this incident, the user approved a malicious transaction,…