According to @lookonchain, a user lost 3.05 million USDT (Tether) after inadvertently signing a malicious transaction during a phishing attack. This incident highlights the critical importance of verifying URLs and transaction signature requests before approving any transfers. Such security breaches can impact USDT trading activity and increase volatility as traders react to heightened concerns around wallet safety and phishing risks. Market participants are advised to remain vigilant and adopt best security practices to protect digital assets and maintain trading stability. Source: @lookonchain

According to Milk Road (@MilkRoadDaily), traders can protect themselves from common crypto scams by following a step-by-step guide that details how to spot fraudulent activities, avoid them, and enhance personal security. The guide includes actionable tips relevant to crypto wallet safety, phishing scam detection, and best practices for trading security. Milk Road emphasizes that this 5-minute read offers practical advice that could help traders avoid financial losses, making it a valuable resource for safeguarding assets in volatile crypto markets (source: Milk Road Twitter, April 29, 2025).