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Ethereum Community Foundation Addresses 50 Million USDT Phishing Attack

First seen 21 Dec 2025, 17:02 UTC • •

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ThreatCluster •March 12, 2026 at 13:27 UTC

The Ethereum Community Foundation responded to a phishing attack that resulted in a loss of 50 million USDT. They emphasized the need to stop truncating wallet addresses with ellipses, as this practice can lead to security risks. The Foundation also pointed out that certain user interface options in wallets and block explorers have inherent security issues.

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