User Loses 143.45 ETH Due To Transaction Simulation Scam

According to BlockBeats, a user lost 143.45 ETH, approximately $460,800, due to a transaction simulation scam, as reported by Scam Sniffer on January 10. Transaction simulation is a feature in Web3 wallets that allows users to preview the expected outcome of a transaction before signing, aiming to enhance transparency and user experience. However, attackers exploited the delay between simulation and execution by creating phishing websites to alter the on-chain state immediately after the transaction was submitted.