A cryptocurrency user lost about $50,000 in USDT due to an address-poisoning scam on Ethereum, where attackers create fake addresses resembling legitimate ones to trick users into sending funds to them. The scam works by planting a lookalike address in the victim's transaction history, exploiting the wallet's shortened address display that hides differences in the middle characters. MetaMask warns users when a destination address closely resembles a previously used one, but victims who fail to verify the full address risk losing funds. Previous cases involved larger losses and attackers converting stolen stablecoins to ETH to avoid freezing. Users are advised to save verified addresses and be cautious with transaction history to avoid such scams.
USDT holder losses are the subject, with Pluang market data providing context. As of Oct 29, 2026 01:22 WIB, 35 of 50 major cryptocurrencies rose, 14 fell. Notable moves include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and EOS up 8.13% at Rp12.649, with typical hold times of 94, 85, and 87 days respectively.
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