A trader lost nearly $50 million in Tether (USDT) on December 20, 2024, due to an address poisoning attack, sending funds to a scammer’s similar wallet. The incident highlights security vulnerabilities in crypto wallets and the risk of impersonation in address-based transfers.
Separately, Bitso and Tether announced a partnership to support Salvadoran entrepreneurs and global startups. The collaboration aims to boost the local economy and position El Salvador as a financial innovation hub in Latin America through fintech initiatives and stablecoin integration. The developments reflect ongoing efforts to strengthen crypto infrastructure while underscoring the importance of robust wallet security and due diligence in asset transfers.
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