- A user had 4.46 million USDT stolen just one minute after withdrawing it from Kraken.
- The scam involved a fake Coinone cryptocurrency mining exchange.
- Such USDT authorized mining scams have stolen approximately 337 million USDT to date.
A user’s address, identified as 0x21…f7D9, was compromised by a scammer operating from the address 0xAb…ACa7 just a minute after the user had withdrawn 4.46 million USDT from Kraken. According to Scam Sniffer, the user fell victim to a USDT mining scam that impersonated a Coinone cryptocurrency mining exchange.
This form of scamming is not new but continues to dupe victims out of significant amounts of money. To date, similar USDT authorized mining scams have robbed users of an estimated 337 million USDT. The scammer forges the look and feel of a legitimate mining site, in this case posing as Coinone, to lure users into depositing their tokens.
The rapid timing of the scam raises questions about the security measures in place on both ends: the user’s personal security precautions and the protocols used by exchanges like Kraken. This incident serves as a grave reminder for crypto users to be vigilant about the platforms they interact with and the security measures they adopt to protect their assets.
As the crypto landscape continues to evolve, so do the tactics of scammers. With an increasing number of people joining the crypto world, the necessity for enhanced security measures and user education is more vital than ever.
Summary:
A user was robbed of 4.46 million USDT just one minute after withdrawing from Kraken. The scam involved a fake Coinone mining exchange and is part of a larger issue of USDT authorized mining scams, which have stolen about 337 million USDT to date.
