Zero Transfer scammer steals $20M USDT, gets blacklisted by Tether
Zero transfer scams are becoming prominent in the crypto ecosystem with these phishing scams having already siphoned over $40 million in 2023. A scammer using zero transfer phishing attack managed to steal $20 million worth of USDT stablecoin on Aug. 1, before getting blacklisted by the stablecoin issuer Tether. According to an update from on-chain analytic firm Peckshield, A zero transfer scammer grabbed 20 million USDT from the victim address 0x4071...9Cbc. The intended address that the victim planned to send money to was 0xa7B4BAC8f0f9692e56750aEFB5f6cB5516E90570, however, it was sent to a phishing Address: 0xa7Bf48749D2E4aA29e3209879956b9bAa9E90570. The zero transfer phishing scam. Source: Etherscan The victim's wallet address first received 10 million USD from a Binance account. The victim then sent it to another address before the scammer jumped in. The scammer then sent a fake Zero USDT token transfer out from the victim’s account to the scammer 's phishing addres...