Recently, I came across a shocking scam case - a player was deceived out of nearly 50 million USDT in just 5 minutes. The method seemed complicated but was actually quite simple. The entire process is as follows:

He first transferred 50 U to a certain address to test the waters, and the scammer immediately generated a fake address that looked "almost identical." What's worse is that the scammer proactively airdropped a "dust transaction" into his wallet. As a result, when he copied the address from the transaction record to transfer the remaining funds, 49,999,950 USDT went directly into the hacker's account.

What is truly terrifying is that this has nothing to do with any technical loopholes; it is purely a play on human nature—we are too accustomed to copying and pasting, and too easily believe in "those familiar characters."

It's indeed a bit frightening to think about. In the world of cryptocurrency, simply keeping your private keys safe is not enough, as every interaction could fall into the trap of social engineering. When transferring funds itself becomes a high-risk action, what exactly should we trust?

My thought is: true security cannot rely on individual vigilance, it must be built on a "transparent and verifiable" mechanism. This is also why more and more people are optimistic about stable assets backed by real reserves.

Take some leading stablecoins as an example, their logic is quite different—each coin is over-collateralized by more than 130% with mainstream assets like BTC, TRX, etc. The key is that these collateral positions are all publicly available on-chain in real-time, and anyone can verify them. This does not require you to judge anything with your "eyes," but rather allows mathematics and public reserves to ensure hard constraints. In this model, security no longer depends on how cautious users are, but rather on whether the institutional design itself is rigorous enough.