Crypto Investors Lost $2.6 Million to Phishing Scam

by

🚨 You Won’t Believe How This Crypto Investor Lost $2.6 Million in Just 3 Hours! 💸

So, picture this: a crypto investor, probably sipping their artisanal coffee, just lost a whopping $2.6 million in stablecoins. Yes, you read that right—$2.6 million! And all thanks to a phishing scam that was so slick, it could probably sell ice to an Eskimo. 🥶

According to the brainiacs over at Cyvers, on May 26, our unfortunate friend transferred $843,000 in Tether (USDT) to the scammers. And just when you thought it couldn’t get worse, three hours later, they sent another $1.75 million to the same charming scammer. Talk about a bad day at the office! 😱

🚨ALERT🚨 Our system has detected~2.6M $USDT loss from a targeted address poisoning scam involving zero-value transfers. A single victim was repeatedly scammed by the same attacker address.

First, the victim lost 843K $USDT.
⏳ About 3 hours later, the same victim sent 1.75M…

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) May 26, 2025

Now, let’s break this down. The scammers used a fancy little trick called the “zero-value transfer” technique. It’s like a magician pulling a rabbit out of a hat, except the rabbit is your money, and the hat is a phishing scam. 🎩🐇

In this high-tech heist, the fraudsters made an empty transaction from the victim’s wallet to their own. No money actually moved, so the victim’s signing key was as useful as a chocolate teapot. 🍫☕

But wait, there’s more! The transaction records in the user’s wallet made it look like they were sending money to a familiar address. It’s like seeing an ex’s name pop up on your phone and thinking, “Oh, this will end well!” Spoiler alert: it doesn’t. 😬

Many users only glance at the first and last parts of a wallet address or rely on copy/paste. It’s like trying to read a book by only looking at the cover and the last page. Not the best strategy, folks! 📚

Thanks to zero-value transfers, spotting these scams is harder than finding a needle in a haystack. The scammers have leveled up their game, making it easier for them to confuse the victims. It’s like they’re playing chess while we’re still trying to figure out checkers. ♟️

Read More

2025-05-26 18:13