Zero-transfer phishing scams have continued to plague the crypto space. Market participants have lost more than 451 million Tether (USDT) on the Tron network. Scammers often use addresses similar to the ones the victim has sent tokens to, beginning and ending with the same set of characters. They do not need the user’s private key; the attackers have to send transactions of zero value, and their addresses would appear in the user’s transaction history. Crypto users who fall for the scam mistakenly copy and paste the attacker’s address from their transaction history and send their assets to them.
Source: Mandy Williams, 2023-10-15; https://cryptopotato.com/zero-transfer-phishing-losses-surge-to-451m-usdt-on-tron-network-data/