Crypto scammers are switching from code to exploiting human vulnerabilities, which don’t require breaking through complex cybersecurity guardrails.
An unfortunate cryptocurrency investor lost $3 million in a phishing scam after signing a malicious blockchain transaction without verifying the contract address, highlighting the ongoing risk posed by digital asset scams.
A single wrong click was all it took to drain $3 million worth of USDt (USDT) from an unlucky investor who failed to verify the contract address before signing the blockchain transaction.
“Someone fell victim to a phishing attack, signed a malicious transfer, and lost 3.05M $USDT,” according to a Wednesday X post from blockchain analytics platform Lookonchain. “Stay alert, stay safe. One wrong click can drain your wallet. Never sign a transaction you don’t fully understand.”
