Crypto investor falls victim to phishing scam, loses $3M with single click

Crypto scammers are switching from code to exploiting human vulnerabilities that don’t require breaking through complex cybersecurity guardrails.

A cryptocurrency investor lost $3 million in a phishing scam after signing a malicious blockchain transaction without verifying the contract address, highlighting the risk posed by digital asset scams.

A single wrong click was all it took to drain $3 million worth of USDt (USDT) from an 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.”

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