tldr; A crypto trader lost $50 million USDT in an ‚address poisoning‘ scam. The scam involved the attacker creating a similar-looking address to the legitimate one, tricking the victim into sending funds to the wrong address. The victim initially sent a test transaction to the correct address but later mistakenly sent the large sum to the scammer’s address. The stolen funds were converted into untraceable assets. Address poisoning scams exploit users‘ transaction history to deceive them into copying incorrect addresses.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
he could have lost those money just trading in this market
kevkevlin on
How does the hacker get the trader to input the poisoned address?
iSaidNoMFKings on
How can a scammer ensure they end up with a similar looking address to an intended victim? Or is it just random for them?
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That’s an expensive lesson to learn.
tldr; A crypto trader lost $50 million USDT in an ‚address poisoning‘ scam. The scam involved the attacker creating a similar-looking address to the legitimate one, tricking the victim into sending funds to the wrong address. The victim initially sent a test transaction to the correct address but later mistakenly sent the large sum to the scammer’s address. The stolen funds were converted into untraceable assets. Address poisoning scams exploit users‘ transaction history to deceive them into copying incorrect addresses.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
he could have lost those money just trading in this market
How does the hacker get the trader to input the poisoned address?
How can a scammer ensure they end up with a similar looking address to an intended victim? Or is it just random for them?