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Address poisoning attack drains $100K USDT

Address poisoning attack drains $100K USDT

A crypto user has lost approximately 100,000 USDT after transferring the funds to a lookalike wallet address planted in the victim’s transaction history 66 days earlier.

Summary

  • A victim has lost approximately 100,000 USDT in an address poisoning attack.
  • The attacker planted the fake address in the wallet’s history 66 days before the transfer.
  • The stolen USDT was converted into about 52.8 ETH, according to Cyvers.
  • Address poisoning exploits users who copy addresses without checking the complete character string.

Cyvers Alerts reported on Aug. 11 that its monitoring system detected the loss after the victim sent funds to an address controlled by an…

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