What Does Selling USDT Mean (Bulk Sale USDT Scam)
What does selling USDT mean? In simple terms, any digital currency that is sold
What does selling USDT mean? In simple terms, any digital currency that is sold and then bought back will be converted into USDT.
If we consider USDT as a stablecoin, it can be seen as a dollar coin. According to one of the currency standards defined in the Bitcoin whitepaper, “fiat currency,” we can refer to this type of cryptocurrency as a “virtual token.” When people transfer funds to a platform, they use this money for trading, as collateral for lending, or other types of investment activities. However, besides fiat currency, many factors need to be considered, such as whether it is possible to purchase stocks or bonds through a bank account, and how to use various different services, etc. Therefore, addressing this issue fundamentally is necessary.
Bulk Sale USDT Scam
According to bitcoinexchangeguide, a scam involving USDT is taking advantage of Bitcoin for a large volume of transactions and selling at a price of 10 USDT = 0.002 USD per token. The project claims that their users received a large amount of USDT from their accounts in less than 1 minute. However, they are now using another fake USDT wallet address to send these tokens to a fictitious wallet, and due to the unknown identity of the sender, it is impossible to retrieve the funds. Many people have already suffered losses from this USDT wallet address.
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