Tether Freezes $5.2M USDT Amid Major Phishing Scams in Cryptocurrency Market

A series of phishing scams have resulted in significant losses in the cryptocurrency market. A zero transfer scammer managed to grab 30,000 USDT from a victim's address 0xD76C...B246. Another phishing attack by 'PinkDrainer' led to the loss of approximately 295 Ether.fi-Liquid1 tokens worth around $872,000 from address 0xbC38...41327. Additionally, a whale address 0xff49...a02a fell victim to the same phishing scheme, resulting in losses of about 562.4 stETH, valued at approximately $1.66 million. In response to these scams, Tether froze $5.2 million in USDT across 12 Ethereum addresses linked to phishing activities.