Crypto Investor Loses $50M in Address Poisoning Scam
Update: 2025-12-22
Description
Crypto Investor Loses $50M in Address Poisoning Scam: A Cautionary TaleA crypto investor fell victim to a massive address poisoning scam, losing $50M in USDT. The scammer crafted a fake address with similar characters, sending a tiny amount to taint the victims transaction history. The victim, believing they had the correct address, sent the majority of their funds to the scammer. The stolen funds were quickly converted and mixed through multiple wallets, including those linked to Tornado Cash. The victim demanded a refund, highlighting the need for better wallet warnings to prevent future scams.
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