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Crypto User Loses $2.6 Million in Double Phishing Attack

Digital artwork representing crypto scams, with abstract designs illustrating digital wallets and deceptive transactions.

A crypto user lost $2.6 million in USDt on May 26 due to two phishing attacks using zero-value transfers. Security companies Trugard and Webacy have developed an AI tool to detect these threats with a 97% success rate.

On May 26, a crypto user faced a devastating double whammy, losing a staggering $2.6 million in USDt across two separate phishing attacks just three hours apart. This alarming incident, highlighted by blockchain security firm Cyvers, saw the individual first lose 843,000 USDt, followed closely by another 1.75 million USDt taken in a swift follow-up attack.

Amina Khan is a skilled journalist and editor known for her engaging narratives and robust reporting on health and education. Growing up in Karachi, she studied at the Lahore School of Economics before embarking on her career in journalism. Amina has worked with various international news agencies and has published numerous impactful pieces, making contributions to public discourse and advocating for positive change in her community.

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