🚨Be alert! Phishing is rampant again! This time, a Kraken user lost $4.46 million in USDT! 😱

- Etherscan revealed the funds were stolen from Kraken wallets and sent to addresses ending in "ACa7"

- PeckShield, a blockchain security company, identified the address as belonging to a fraudster

- Funds were sent to fake addresses associated with the Coinone crypto mining exchange

From Dune Analytics data, this phishing attack has stolen more than $337 million USDT and affected nearly 22 thousand people.

Phishing continues to threaten the digital industry, defrauding even high-profile and tech-savvy entities. The Global Anti-Scam Organization notes that these scams typically ask victims to provide permission for unlimited withdrawals from their crypto wallets.

Victims caught in this mining scam will click a button that asks for a network fee in Ether, usually between $10 to $50.

Loss of funds continues to increase:

- NONE, a crypto and NFT trading tool, ceases operations after losing 41.52 ETH and NONE tokens

- On September 6, a crypto whale lost more than $24 million in liquid staked Ethereum for allowing “increase allowance” transactions

Let's discuss in the comments, how can we prevent this phishing attack? 🤔