Encountering such an outrageous incident as early as 2025—50 million USDT stolen by phishing, and the victim turned out to be an institutional Address. To be honest, I once thought such low-level tactics had long been eliminated, but I didn't expect to see it again.



What's even more outrageous is that when transferring such a large amount of funds, there should be a complete risk control system in place that includes multiple signatures, internal approvals, and whitelist confirmations, right? Yet it still went wrong, which shows how careless it must have been.

Rather than making sarcastic remarks, it's better to acknowledge that this lesson is indeed costly. I hope the funds can be recovered soon, which would also serve as a reminder to the industry—large address transfers really need to be checked multiple times; a moment of carelessness can lead to total loss. Additionally, I’m curious to know which institution or big player fell into this pit; that way, everyone has an understanding and can avoid similar risks in advance.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
ApeWithNoChainvip
· 2025-12-22 04:23
50 million can be phished, this institution's risk control system is probably just for show. Where did the multi-signature approval Allowlist go? To put it bluntly, it's just that people are too confident, thinking that a large limit means no one dares to touch it, but in the end, a phishing email caused everything to collapse. I want to see how the follow-up will pursue, but to be honest, the probability is low... once the money is gone on-chain, it’s gone. Who on earth is this incompetent? Can you disclose it, so we can learn a lesson? Now all institutions have to be nervous, it feels like a chain reaction is about to come.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt