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Zero-transfer phishing scams have continued to plague the crypto space, with bad actors siphoning millions of digital assets from unsuspecting victims.that the damage scale for zero-transfer phishing scams has increased significantly, with market participants losing more than 451 million Tether on the Tron network.Zero-transfer phishing is a new scamming technique that allows attackers to target a victim’s transaction history by confirming zero-value transactions from the user’s wallet.
Scammers often use addresses similar to the ones the victim has sent tokens to, beginning and ending with the same set of characters. Crypto users who fall for the scam mistakenly copy and paste the attacker’s address from their transaction history, set them as the transfer recipient, and send their assets to them.
Besides the 451 million USDT lost on the Tron network, there have been several reports of large losses to phishing scams on other blockchains. Last month, an unsuspecting crypto exchange Kraken wallet usera 4.46 million USDT loss as they transferred the assets to a phishing address. The incident took place on the Ethereum blockchain.operations after a phishing attack. The None deployer lost 41.52 ether and 11,7000 NONE tokens collectively worth $76,500 to a phishing address.$24.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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