Investors lose $3.05 million in USDT against phishing attacks

The notable blockchain analytics platform noted that investors lost a significant amount of USDT in malicious phishing attacks.

in post In X, Lookonchain reveals that Crypto investors lost more than $3 million in USDT after approving the malicious transaction yesterday, August 5th.

According to the analytics platform, the attacker used a phishing exploit to access and transfer funds from the victim’s Ethereum wallet. The incident was confirmed through blockchain data.

Meanwhile, the attacker received 3,087,821 Aethusdt tokens valued at around $3.05 million from the victim’s wallet.

The hackers then moved the funds to two addresses. First, we moved 463,173 USDT to an address identified as “fake_phishing”, and the remaining 2.6 million USDT to an unidentified address.

The fake_phishing address appears to have sent a 463k USDT to the dead address, but the unidentified address moved $2.6 million to several other addresses, swapping it for 730 ETH before stakering these ETKENs.

Lookonchain promotes vigilance

Following the loss, Lookonchain highlighted the importance of understanding transaction prompts before signing, warning that one careless click could result in a complete loss for the wallet fund.

In particular, this case is not an isolated incident. last year, Defi Whale lost $55.47 DAI million after signing a phishing transaction that transferred ownership of the property to a fraudster. Funds stored in manufacturers are no longer accessible when control shifts. The attacker immediately moved Die into a new wallet and began converting it to Ethereum.

Previously, Makerdao representatives lost $11 million in phishing attacks with tokens that include USDE. Scam Sniffer reported that an attacker uses multiple phishing signatures to trick the delegate’s wallet into approving a malicious transaction.

Over $2 billion lost to hackers in the first half of 2025

In particular, cases of stolen funds continue to increase. In the first half of 2025, code theft hit record highs for a bad actor It stole $2.1 billion in 75 attacks. This figure is up 10% from H1 2022, roughly in line with the $2.2 billion stolen throughout 2024.

The largest single incident was Bybit Hack, which accounted for $1.5 billion and was linked to North Korean threat actors. Another major violation involved a predatory Israeli sparrow that targeted Iran’s Novitex exchange during the Israeli-Iranian conflict, seized $90 million and sent it to an unusable address.