The cryptocurrency investor lost $ 3 million in phishing fraud after signing a malicious blockchain transaction without verifying the address of the contract, emphasizing the risk of digital asset fraud.
A single improper click was everything he needed to strip USDT worth $ 3 million (USDT) from an investor who did not verify the address of the contract before signing the blockchain transaction.
“Someone fell victim to a phishing attack, signed a malicious transfer and lost USD 3.05 million”, ” According to to Wednesday’s post from the blockchain Analytics Lookonchain platform. “Be vigilant or unthreatening. One bad click can empty the wallet. Never sign a transaction that you don’t fully understand.”
Cryptocurrency phishing attacks are social engineering programs in which the attackers share false links to theft of confidential information of victims, such as private keys for cryptocurrency portfolios.
Like most investors, the victim probably approved the portfolio address, matching only the first and last few characters before transferring $ 3 million to a malicious actor. The difference would be noticeable in central forms, often hidden on platforms to improve visual attractiveness.
Related: The Lazarus Group has paid over USD 200 million in the hacked crypt since 2020
Emphasizing the need for greater due diligence, another victim has lost over USD 900,000 USDs on a sophisticated phishing attack on Sunday, 458 days after the unconscious signing of a malicious approval transaction on a fraud for a fraud throwing a portfolio, he said Cointegraph.
These amounts of these amounts compared to $ 71 million lost from the fraud of the portfolio poisoning in May 2024, which brought a surprising return when the fraudster changed the heart and returned $ 71 million within two weeks after the end of pressure from global blockchain researchers who revealed the potential IP address from Hong Kong.
Related: Credix recovers $ 4.5 million in crypto after successful negotiations
Cryptic attacks
Hackers gradually transfer concentration from the code to the use of gaps in human psychology, which can be easier to bypass than handrails of the protocol.
Phishing attacks were the most expensive attack vector for the cryptocurrency industry in 2024, noting to attackers stolen digital assets worth over $ 1 billion in 296 incidents, According to to the annual Web3 Certik Safety Report
Of almost 300 phishing attacks in 2024, at least three caused losses worth over $ 100 million.
“Phishing was the best steep attack vector last year,” said Cointelegraph certificate spokesman. “Our numbers are conservative; the actual number is higher if you take into account unpaid incidents and other types of phishing fraud, such as the sculpture of the Stars.”
To counteract this growing threat, the Binance Safety Team, the world’s largest exchange, developed the “antidote” against the fraud of addresses of addresses, which introduced the algorithm that detected almost 15 million poisoned addresses, said Cointelegraph in May 2024.
https://www.youtube.com/watch?v=AQFAPMZEDM4
Warehouse: 12.1 million USD suspected of fraud related to the arrest of “novel face”, rooms of cryptocurrency boilers: Asia Express
