A cryptocurrency holder has reportedly lost $4.46 million in USDT as part of a phishing scam, according to on-chain data.
usually tricks victims into authorizing unlimited withdrawals from their cryptocurrency wallet.
“When you create a self-custody crypto wallet [...] you obtain a"private key" that is safeguarded through encryption. However, the fraudsters do not need your seed phrase,” GASO said, explaining on its website that when a victim clicks to partake in the fake mining pool, they’re clicking on a button that will request a $10 to $50 network fee in Ether .
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tether authorizes $1B USDT to 'replenish' Tron networkTether has created $1 billion worth of “authorised but not issued” USDT to replenish the Tron network for future issuance requests and chain swaps.
Read more »
4-Year Slumber Ends: Dormant Ether Wallet Converts to $4.19M in StablecoinsLong-dormant ethereum wallet with 2,594 ETH, swapped $4.19 million in USDT and DAI.
Read more »
This Facebook Messenger phishing scam is stealing millions of passwordsMillions of passwords are being stolen through a Facebook Messenger cyber crime or threat that is disguised as a typical exchange between friends online.
Read more »
Celsius creditors flag renewed phishing attacks ahead of bankruptcy planPhishing scammers are again trying to lure unaware Celsius creditors into clicking fraudulent links and connecting their crypto wallets to crypto drainers.
Read more »
NONE Ceases Operations Following Phishing Exploit Amounting 41.52 ETHCryptocurrency trading tool NONE shuts down after a phishing attack. Departure of three core team members leaves project's future uncertain.
Read more »
Zeke Faux's Crypto Adventures and His Relationship With Former FTX CEO SBFShould Sam Bankman Fried have just performed a rug pull? Why is it so hard to get details into USDT issuer Tether?
Read more »