An Ethereum address lost $167,342 worth of LINK tokens after signing a malicious phishing approval targeting the Permit2 contract. Monitoring data from Scam Sniffer confirms the victim authorized the fraudulent transaction on August 18, 2025, allowing attackers to drain the assets. The incident highlights ongoing security risks associated with token approval mechanisms on Ethereum. Permit2, designed to improve gas efficiency and approval management, has become a frequent target for phishing campaigns that trick users into granting unlimited spending permissions to malicious contracts.