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Crypto User Loses $50M in Address-Poisoning Scam

Published by
Sohrab Khawas

A crypto user lost nearly $50 million in USDT after falling for an address-poisoning scam. The victim accidentally copied a look-alike wallet address from their transaction history and sent 49,999,950 USDT to the attacker. After receiving the funds, the scammer converted the USDT into ETH, split it across multiple wallets, and moved part of it into Tornado Cash to hide the trail. The incident highlights how small mistakes can lead to massive losses in crypto transfers.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by
Sohrab Khawas
Tags: Crypto news

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