A crypto investor loses 2.6 million dollars in stablecoins in a double phishing scam

A victim lost 2.6 million dollars in stablecoins after falling for two phishing scams involving zero-value transfers in three hours.

A crypto investor loses 2.6 million dollars in stablecoins in a double phishing scam

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A single victim was scammed twice in three hours, losing a total of 2.6 million dollars in stablecoins

According to data shared on May 26 by the cryptocurrency compliance firm Cyvers, the victim sent 843,000 USDt (USDT), followed by another 1.75 million USDt about three hours later. Cyvers stated that the scam used a method known as zero-value transfer, a sophisticated form of on-chain phishing.