ZEROBASE Frontend Hack Exploits USDT: Cosine Issues Security Warning After About $123,000 Loss

COINOTAG News reported on December 12 that SlowMist founder Cosine issued a security warning after the ZEROBASE frontend was compromised. The incident enabled unauthorized asset movements as users approved USDT to a malicious contract, with the largest confirmed loss estimated at about $123,000.

Security teams emphasize that the risk stems from token-approval mechanics in decentralized wallets. To mitigate, users should audit active contract authorizations, promptly revoke unnecessary approvals, and verify contract addresses before authorizing assets. Employ reputable wallet clients and stay within trusted interfaces to reduce exposure to rogue contracts.

For ongoing risk assessment, monitor official SlowMist and ZEROBASE communications, and maintain best practices for wallet safety and device hygiene. By tightening controls around USDT permissions and conducting routine checks, traders can lower the likelihood of similar incidents impacting portfolios.