https://cointelegraph.com/news/phishing-victim-sends-eye-watering-4-5m-in-usdt-to-scammer
An unsuspecting cryptocurrency holder lost $4.46 million in a phishing scam.
The funds were withdrawn from Kraken and sent to an address linked to a fake Coinone crypto mining exchange.
This type of scam tricks victims into authorizing unlimited withdrawals from their cryptocurrency wallet.
Beware of these phishing scams!!
Upvoted! Thank you for supporting witness @jswit.
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🤔 what could be the best solution or measures to stop all these scam stuff? I believe KYC is one big step to keep things in check with most top tier Exchanges like kucoin, OKX & Bitget keying into making it mandatory as it allows users to have exclusive access to some privileges like increase of withdrawal limit IMHO.
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