One cryptocurrency user lost approximately 50 million dollars in one of the largest blockchain frauds this year, after falling victim to a dangerous technique known as 'Address Poisoning', according to cybersecurity firm Web3 Antivirus.
🔍 What happened?
The user first sent a small test transaction to the correct address
After a few minutes, transferred 49,999,950 USDT
But the large transfer went to a spoofed address copied from the transaction record
The difference was just a letter or two... and went unnoticed
🧠 How does this scam work?
No hacking or wallet compromise
The attacker plants an address very similar to your real address in the transaction record
The victim usually copies the address (Copy/Paste) without thorough verification
Result: Technically correct transfer... but to the wrong person ❌
⚠️ Why is it dangerous?
Fake addresses are almost impossible to detect by eye
It relies on human error, not technical vulnerabilities
The transaction cannot be reversed after execution
📌 Additional details
The wallet has been active for about two years
Primarily used in dealing with stablecoins
Funds were withdrawn from Binance shortly before the erroneous transfer
🛡️ Urgent security tips ✔️ Don't rely on copying from the transaction record
✔️ Check the first and last 6 characters of the address
✔️ Use trusted saved addresses
✔️ Activate warning tools in advanced wallets
💡 Summary:
In the crypto world,
❝ The technically correct transaction can be a financial disaster ❞
Caution is not an option... but a necessity.
