Victim offers $1 million bounty, legal threat after $50 million crypto theft
A crypto user lost $50 million in USDT after falling for an address poisoning scam in a massive onchain exploit.
The theft, spotted by Web3 security firm Web3 Antivirus, occurred after the user sent a $50 test transaction to confirm the destination address before transferring the rest of the funds.
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Within minutes, a scammer created a wallet address that closely resembled the destination, matching the first and last characters, knowing most wallets abbreviate addresses and show only prefixes and suffixes.
The scammer then sent the victim a tiny “dust” amount to poison their transaction history. Seemingly believing the destination address was legitimate and properly entered, the victim copied the address from their transaction…
