Huobi reminds users to be cautious of the new tail address scam risk involving 0.001 USDT transfers

ChainCatcher message, Huobi has released a risk warning about the new type of tail address scam involving 0.001 USDT transfers. Recently, a new method of scam has emerged in the market that lures users through transfers. If a user's account has recently received inexplicable deposits of 0, 0.01, 0.001, etc., they must be vigilant and protect their personal asset security. According to statistics, as of December 2, over 370,000 addresses have been "poisoned," with a total of 92 victim addresses, and the amount stolen exceeds 1.64 million USD.

The scam process is as follows: 1. Scammers use technical means to find users who frequently have large transfers and relatively fixed receiving addresses, monitoring them; 2. They use an "address generator" to create an address that is highly similar to the receiving address; 3. They transfer small amounts multiple times to the user's wallet address, causing the scammers' phishing address to appear in the user's transaction records; 4. Most people have the habit of transferring directly based on the addresses in the transfer records and only look at the last few characters of the receiving address. If they are not careful, they will transfer their assets to the phishing address. (Source link)