Scam
Phishing Scam: Victim Loses USDTs worth $4.5 Million
According to data roughly $4.6 M was rolled out by a scammer whose account number ends with ‘Aca7’ in USDTs.
A recent phishing scam left a victim eye-watering by rolling out USDTs worth more than 4.5 million dollars. Data disclosed by On-chain reveals that the crypto assets were first transferred from a cryptocurrency exchange Kraken. But unluckily, the account to which the assets were transferred was owned by a scammer. In such a phishing scam, the victim lost the stablecoin USDT worth more than 4.5 million dollars.
Etherscan confirmed the recent scam and shared data in this regard. According to data roughly $4.6 M was rolled out by a scammer whose account number ends with ‘Aca7’ in USDT. Another significant security firm of Blockchain, PeckShield also pointed out the account which scammer used to carry out the scam.
#PeckShieldAlert The address 0x2175…f7D9 got scammed for 4.46M $USDT
— PeckShieldAlert (@PeckShieldAlert) September 21, 2023
Victim's address: 0x2175c0082d052872501f7fe54e1aC59858aaf7D9
Scammer's address: 0xAbb07822F471773Ff00b9444308ceEB7cf0dACa7 pic.twitter.com/Ny9CIrkBxw
Apart from that, Scam Sniffer, known to be a scam platform also shed light on the recent phishing scam. On the 20th of September, he advised that these funds were sent to an account which is ultimately linked with a fake crypto-mining exchange named Coinone.
someone withdrew $4.46 million from Kraken to a fake Coinone crypto-mining exchange about 1 hour ago.https://t.co/ued55jlWdM pic.twitter.com/tsV5BGDY0O
— Scam Sniffer (@realScamSniffer) September 20, 2023
Referencing Dune Analytics, Scam Sniffer also shared that such sort of scams have been happening in the crypto industry. Data shows that roughly 21,953 individuals were affected due to such scams and have suffered a loss of around $337.1 M USDTs.
The Global Anti-Scam Organization (GASO) dedicated to pointing out and coping with scams has also highlighted the issue. The organizations say that such scams fool the customer and roll out unlimited assets from the accounts and crypto wallets.
Also Read: Scam Alert: Elon’s X Users Targeted in $25M Crypto Scam
GASO explained the crypto wallet registration criteria and how one gets a ‘private key’ which is safeguarded by encryption. However, scammers don’t even need that seed phrase to carry out the scam. But, when a user mistakenly clicks to take part in the mining pool, they are asked to transfer a fee of 10 to 50 dollars in Ether. By doing so, he mistakenly gives the details of his accounts to the fraudster and becomes the victim of the scam.
