BlockBeats News, January 10th, according to Scam Sniffer monitoring, a user reportedly lost 143.45 ETH (approximately $46,080) yesterday due to a transaction simulation scam.
Transaction simulation is a feature in Web3 wallets that allows users to preview the expected outcome of a transaction before signing. This feature aims to improve transparency and user experience.
However, attackers exploited the delay between transaction simulation and execution by creating a phishing website to immediately manipulate the on-chain state after the transaction was submitted.