Careless Crypto Transfer Costs Investor $3.08M: Details
An unnamed cryptocurrency holder recently lost more than $3 million worth of PYTH tokens after erroneously transferring them to a scammer’s wallet.
The mistake happened when the victim, relying on their transaction history, copied and used a fake deposit address.
The High Cost of a Small Mistake
According to a November 25 post by blockchain analysts Lookonchain, an unknown fraudster created an address whose first four characters were an exact match to the victim’s deposit wallet. They then sent the victim 0.000001 SOL, worth about $0.00025, which caused the fake account to appear on their transaction history.
Without taking due care, the affected individual copied the forged address directly from the transaction…
