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A scammer stole $20 million in USDT through a phishing attack!

August 1, 2023
in Crypto Exchanges
Reading Time: 1 min read
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The publish A scammer stole $20 million in USDT via a phishing assault! appeared first on Coinpedia Fintech Information

A scammer has stolen $20 million in Tether USDT through the use of a phishing assault that tips victims into sending their cryptocurrency to a similar-looking deal with. The scammer despatched a pretend zero USDT token switch from the sufferer’s account to a phishing deal with, which the sufferer believed was the specified vacation spot USDT issuer. Tether blacklisted the pockets instantly, freezing the stolen funds. Zero-transfer phishing scams have turn out to be more and more frequent within the crypto ecosystem prior to now yr, with over $40 million in losses reported.

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