A cryptocurrency investor loses $ 3 million in a phishing scam after signing a malicious blockchain transaction without proven the address of the contract, emphasizing the risk of digital asset scams.
A single false click is all it takes to drain $ 3 million worth of USDT (USDT) from an investor who did not fail to verify the contract address before signing the blockchain transaction.
“There was a victim of a phishing attack, signed a malicious move, and 3.05m $ USDT was lost,” According to On a Wednesday x post from the blockchain analytics platform lookonchain. “Stay alert. Stay safe. A miscarriage can drain your purse. Don’t sign a transaction that you don’t fully understand.”
Crypto phishing attacks Social Engineering schemes in which attacks share fraudulent links to steal sensitive information of victims, such as private keys to cryptocurrency wallets.
Like most investors, the victim may have proven the purse address simply by matching the first and last few characters before moving $ 3 million to the malicious actor. The difference can be noticeable in the middle characters, which are often hidden on platforms to improve visual appeal.
Related: Lazarus Group Laundered Over $ 200m in hacked crypto from 2020
Highlighting the need for more investors due to diligence, another victim lost to more than $ 900,000 worth of digital assets in a sophisticated attack on phishing On Sunday, 458 days after the accidental sign of a malicious approval transaction on a purse draining the purse, Cointelegraph reported.
These values are pale compared to $ 71 million lost in a Wallet poisoning scam In May 2024, surprisingly a scammer had a changing heart and Returned $ 71 million In two weeks after replication to the growing pressure from the global blockchain investigators that have expressed the potential IP address based in Hong Kong.
Related: Credix earned $ 4.5m in crypto after successful exploitation of negotiations
Crypto phishing attacks are leading security concerns of 2024
Hackers are gradually moving their focus from code to exploiting the weaknesses in human psychology, which may be easier to exceed than the guardrail protocols.
PHishing attacks are the Most costly attack Vector for the crypto industry in 2024, netting attacks more than $ 1 billion worth of stolen digital assets throughout 296 incidents, According to In the annual web3 security report of certik
With nearly 300 phishing attacks in 2024, at least three resulted in more than $ 100 million worth of losses.
“Phishing is the most expensive vector attack last year,” said certik spokesman Cointelegraph. “Our figures are conservative; the actual figure is higher when you consider non -incidents and other types of phishing scams such as pork killing.”
To oppose this growing threat, Binance’s security group, the world’s largest exchange, developed by an “antidote” Against the toxic scams, which launched an algorithm that saw nearly 15 million poison addresses, Cointelegraph reported in May 2024.
https://www.youtube.com/watch?v=AQFapMZEDM4
Magazine: $ 12.1M Cheating Suspected with ‘New Face’ Arrested, Crypto Scam Boiler Room Busted: Asia Express
