Security· ★★★· bearish·

Trader loses $2.1M USDT after partner's Telegram account hacked

  • Victim transferred 2,151,772 USDT after a $10 test payment
  • Scammers deleted the Telegram chat the next morning
  • Stolen USDT was converted to TRX
  • Tether froze $1 million of the stolen funds
Why it matters: The case shows that social engineering via hacked accounts remains a primary vector for crypto theft, while Tether's freeze partially recovers funds.
Source: Coin Edition