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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Pi Network marked Pi2Day 2026 with a series of product launches. These were designed to…
Bitcoin has closed a weekly candle below its 200-week exponential moving average for the first…
XRP is trading at $1.04, down 1.38% over the past 24 hours, with price action…
The altcoin market is showing early signs of resilience that could set the stage for…
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in,…
The price of XRP does not reflect its current or near-term utility. That is the…
