In addition to the 451 million USDT loss on the Tron network, there have been several reports of large losses due to phishing scams on many other blockchains.

Zero-transfer phishing scams continue to plague the cryptocurrency space, as bad actors siphon off millions of digital assets from unsuspecting victims.

Blockchain analytics platform #Bitrace  reveals that the damage scale of zero-transfer phishing scams increased significantly and market participants lost more than 451 million Tether (USDT) on the Tron network .

Source: Bitrace

Investors lose 451 million USDT due to phishing scam on Tron

Zero-transfer phishing is a new phishing technique that allows attackers to target a victim's transaction history by confirming zero-value transactions from the user's wallet. They don't need the user's private key. Attackers must send zero-value transactions and their addresses will appear in the user's transaction history.

Scammers often use addresses that are similar to the address the victim sent the token to, starting and ending with the same character set. Cryptocurrency users fall for the scam of copying and pasting the attacker's address from their transaction history, setting the attacker as the recipient of the transfer, and sending them the assets.

Besides the 451 million USDT lost on the Tron network, there have been several reports of large losses due to phishing scams on other blockchains. Last month, users of the exchange's Kraken wallet suffered a loss of 4.46 million USDT when they transferred assets to a phishing address. The incident took place on the Ethereum blockchain.

More losses to phishing scams

One day before the 4.46 million USDT theft, cryptocurrency exchange None was shut down following a phishing attack. The None implementer lost 41.52 ETH and 11,7000 NONE tokens worth a total of $76,500 to a phishing address.

Similarly, the famous crypto whale lost $24.23 million in Ethereum stake liquidity to phishing scammers despite having extensive on-chain experience. The incident is considered one of the most significant cryptocurrency phishing attacks in recent times.

Meanwhile, #USDT issuer Tether froze 20 million USDT that a user mistakenly sent to a phishing scammer in August.

https://tapchibitcoin.io/mang-tron-tro-thanh-muc-tieu-ly-tuong-cua-phishing-scam-ton-that-451-trieu-usdt.html