According to PANews, a user has reportedly lost nearly $50 million USDT due to an address spoofing incident involving similar-looking characters. SlowMist founder Yu Jian shared on social media that the user initially conducted a small test transaction to the correct address. However, minutes later, $50 million was mistakenly sent to a malicious address copied from the transaction history, which had the same first three and last four characters as the intended address.

The player's address was 0xcB80784ef74C98A89b6Ab8D96ebE890859600819, while the spoofed address was 0xBaFF2F13638C04B10F8119760B2D2aE86b08f8b5. The address the user intended to send to was 0xbaf4b1aF7E3B560d937DA0458514552B6495F8b5.