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Crypto wallet address poisoning scams cause $100K+ losses, exploiting users copying addresses from history.

Market News
13 Aug 2026
AMBCrypto
View Source
Bearish
Crypto wallet address poisoning scams cause $100K+ losses, exploiting users copying addresses from history.

A crypto user lost over $100,000 in USDT after falling victim to a wallet address poisoning scam, where attackers create fake addresses resembling legitimate ones and insert them into transaction histories. This tactic tricks users who copy-paste addresses without verifying, leading to significant financial losses. The attacker quickly converted the stolen USDT to Ethereum to avoid freezing by Tether. Address poisoning scams are rising sharply, with total Ethereum-related losses reaching $62 million between late 2025 and early 2026. Users are advised to double-check addresses, avoid copying from transaction history, perform test transactions, and use tools to detect fake addresses to protect their funds.

More News

Ondo Finance launches in-kind share-to-token conversion for approved institutions on Ethereum and BNB Chain

Ondo Finance launches in-kind share-to-token conversion for approved institutions on Ethereum and BNB Chain

Ondo Finance has introduced an in-kind conversion route allowing approved institutions to directly convert existing shares into Ondo Stocks tokens via Alpaca’s Instant Tokenization Network on Ethereum and BNB Chain. This new process eliminates the ne...

Protocol Fundamentals
Bullish
4 hours ago
Class action lawsuit filed against Capricor Therapeutics over misleading FDA approval claims.

Class action lawsuit filed against Capricor Therapeutics over misleading FDA approval claims.

Capricor Therapeutics faces a class action lawsuit alleging it made false statements about the progress of its drug deramiocel towards FDA approval. The lawsuit claims the company misled investors by promoting positive trial results while knowing of ...

Market News
Bearish
4 hours ago
Alibaba unveils AI chip and plans 20GW data center capacity by 2032 to boost AI infrastructure.

Alibaba unveils AI chip and plans 20GW data center capacity by 2032 to boost AI infrastructure.

Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position i...

Market News
Bullish
4 hours ago
SEI token jumps 26% after breaking resistance, but momentum may face a pullback soon.

SEI token jumps 26% after breaking resistance, but momentum may face a pullback soon.

SEI token surged over 25% to $0.06285 after breaking the $0.052 resistance, driven by a 289% spike in daily volume to $203.44 million, signaling strong market participation. Canary Capital's proposed ETF plans to stake 90% of its SEI holdings, potent...

Technical Signals
Bullish
4 hours ago
Trueo to shift prediction markets from Base to Ethereum mainnet, urging users to avoid new Base markets after Jan 2027

Trueo to shift prediction markets from Base to Ethereum mainnet, urging users to avoid new Base markets after Jan 2027

Trueo announced plans to migrate its prediction market protocol from the Base Layer 2 to the Ethereum mainnet, citing Ethereum's better liquidity, integration, and long-term infrastructure. Existing Base markets will remain operational until their ex...

Protocol Fundamentals
Bullish
4 hours ago
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