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Whale Loses 50M USDT in Phishing Attack, Funds Converted to ETH via Tornado Cash

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USDT
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DAI
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ETH
$2,973.59-0.19%
A whale or institution lost 50 million USDT in a phishing attack, mistakenly sending funds to a similar-looking address. The attacker converted the USDT to DAI, then purchased 16,624 ETH. Using Tornado Cash, the ETH was quickly laundered. The incident highlights the risks of address spoofing. ETH news shows continued volatility as attackers exploit fast-moving trades. This ETH update underscores the need for stronger wallet security.
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