A Whale Falls Victim to Similar Address Phishing, Loses 50 Million USDT

BlockBeats News, December 20th: According to Chainalysis, a certain whale/institution withdrew 50 million USDT from Binance 10 hours ago and then sent a test transfer of 50 USDT to the address they planned to transfer to.

A scammer generated an address with the same first and last 3 digits and sent a transfer of 0.005 USDT to the whale. When the whale made the actual transfer, either by directly using the recent transaction record's address or by copying the address, the full 50 million USDT was transferred to the scammer's similar address. The scammer quickly converted this 50 million USDT into DAI (to prevent freezing), then bought all of it into 16,624 ETH. Subsequently, these ETH were all laundered through Tornado.