Zero Transfer Scammer Tricks 0x532265 Address Holders: PeckShield Monitoring Data Unveils the Scandal

04/05/2023 06:15 • Metaverse & Beyond • 103 views

According to reports, PeckShield monitoring data shows that a Zero Transfer scammer scammed 20000 USDTs from addresses starting with 0x532265.

Zero transfer scammers scammed 20000 USDTs from addresses starting with 0x532265

Are you one of the many address holders starting with 0x532265? If yes, you may have heard of the recent Zero Transfer scam that allegedly scammed many holders of their USDTs. According to the monitoring data of PeckShield, the scammer made away with around 20,000 USDTs.

What is the Zero Transfer Scam?

The Zero Transfer scam is a relatively new tactic utilized by malicious actors in the cryptocurrency industry. The scammer typically targets address holders with a small account balance and transfers zero value transactions to their wallets. The transactions are strategically designed in a way that causes the recipient to be confused, assuming it is a glitch or error, and ignore it.
In reality, they have been marked as a potential victim, and the scammer will eventually trick them into completing a fraudulent transaction by following a seemingly legitimate link or email. In some cases, the scammer may have the information necessary to impersonate an exchange or wallet provider.

How the Scam Unfolded

According to the PeckShield monitoring data, the Zero Transfer scammer’s tactics were evident in this case. The scammer identified address holders with a small balance of USD stablecoin Tether (USDT) who held addresses starting with 0x532265.
Next, the scammer sent zero-value transactions to observe whether the users were paying attention to their wallets. As soon as they can see whether the user was reviewing their transactions or not, then the scammer could identify the victims to execute the attack on.
Finally, the scammer tricked their victims by using a similar scenario to impersonate a swap. They forwarded the victims to complete the swap, which then caused the victim to inadvertently transfer all of their USDT into the scammer’s wallet.

How to Avoid Being a Victim

It is imperative to note that the key to avoiding such scams is to be vigilant and not disclose any sensitive data to unknown sources. It is always important to follow safe procedures when making transactions, such as double-checking the website’s URL or email.

Conclusion

The Zero Transfer scam is a harmful trick that has resulted in many victims losing their cryptocurrencies. Address holders starting with 0x532265 need to remain vigilant and exercise caution at all times. Once activity has started on your wallet, it is necessary to investigate the cause promptly.
Avoid revealing your personal information and stay up to date with the latest scams by following trustworthy sources in the industry.

FAQs

1. How does the Zero Transfer scammer target their victims?
The Zero Transfer scammer targets address holders with a small balance and sends zero-value transactions to their wallets to observe their awareness.
2. What is the potential loss when falling for the Zero Transfer scam?
Victims of the Zero Transfer scam have reportedly lost an average of 20,000 USDT.
3. How can I avoid being scammed?
It is essential to exercise caution, avoid revealing any sensitive data to unknown sources, follow safe procedures when making transactions, and remain informed of the latest scams in the industry.

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