Ethereum Investor Loses $1.54M in Phishing Scam Exploiting New Upgrade

A significant Ethereum loss of $1.54 million has been reported as a result of a phishing scam that exploited vulnerabilities introduced with the Pectra upgrade. This incident underscores the need for increased awareness among users regarding new features and enhanced security measures on Ethereum platforms. The attack, which used the EIP-7702 batch transaction capability, remains under investigation by Scam Sniffer. While official responses from Ethereum leaders have yet to be issued, experts are calling for greater focus on user education and wallet protection against such sophisticated attacks.