Crypto Trader Loses $714,000 in Minutes – Was It a Scam or a Hack?
A cryptocurrency trader lost $714,000 in a suspicious series of swaps, raising concerns about hacking, scams, and money laundering. What Happened? The trader exchanged $732,583 in USDC (a stablecoin pegged to $1) for just $18,636 in USDT (another $1-pegged stablecoin). This means they lost over 97% of their funds in minutes. The Likely Cause: A … Read more