Crypto investor hit by $50M USDT scam, attacker funnels funds through Tornado Cash
A crypto investor became a victim of a major $50 million USDT fraud after sending funds to a poisoned address by mistake. SlowMist, a blockchain security firm, revealed that, within 30 minutes of receiving the $50 million USDT, the attacker converted the whole sum into DAI via MetaMask Swap.
The blockchain security firm stated that the hacker converted the entire sum into 16,690 ETH and channeled 16,680 ETH through Tornado Cash to conceal the transaction trail. Etherscan on-chain data revealed that the transaction timestamps show that the attack happened within minutes.
Web3 wallets targeted in high-value hacks
30 mins after receiving 50M $USDT, the scammer took action:
• Swapped 50M $USDT to $DAI via MetaMask Swap
• Swapped…
