Crypto trader loses $50M USDT to address poisoning scam
A crypto user has lost $50 million worth of USDT after falling for an “address poisoning” scam, copying the scammer’s address from their own transaction history.
Crypto security expert Web3 Antivirus spotted the unlucky victim’s outgoings earlier today. The user first sent a test transaction of almost $50 worth of USDT to a crypto address beginning “0xbaf,” and ending with “F8b5.”
However, they then sent almost $50 million worth of USDT to a suspiciously similar address that starts with “0xBaF,” and ends with “f8b5.”
The full scam address, “0xBaFF2F13638C04B10F8119760B2D2aE86b08f8b5,” has a different body from the recipient of the test transaction, suggesting that the sender failed to check…
