Hello, I just filed a similar post and see now that you are experiencing the same issue I am with my hosting servers. No doubt someone has found a new use for AI.
Mail sends are from a non-existant address to 100 random addresses at a hosted domain... using corrputed mail servers around the globe... then the next domain, and so on. Our sender verification and a few country code bans keeps all of them out of client boxes, but I'd sure like to take that load off the servers... as they still have to process them.
I've also been informed by cPanel that the case is being worked on... to see why the Dictionary setting is not restricting them to 4 per domain. I'm experimenting with allowing "no such user" email to go to the admin account to see if that allows the Dictionary setting to work, but with Sender verification enabled, maybe that setting trumps the dictionary one.
I believe the "smtp_max_per_host" setting and the other just limit how many emails can be in the Cc and Bcc fields.... I tried that too.