Trader Falls for $2.1M USDT Scam After Hijacked Partner Confirms Test Payment

A cryptocurrency trader recently fell victim to a sophisticated social engineering scam that cost him approximately $2.1 million in USDT.

The scammers hijacked the partner's Telegram account and used it to trick the trader into transferring the funds after first sending a test payment of $10 USDT, which was confirmed by the compromised account.

Once the scammer had gained access to the funds, they were moved to another wallet where they were converted into TRX before being deposited into addresses linked to MaskEX.

Tether's freeze on a wallet containing about $1 million, six days after the theft, has left the remaining $1.1 million unaccounted for with no recent activity detected in two months.