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Crypto user loses $100K in address poisoning scam by sending funds to a fake wallet in transaction history.

Market News
11 Aug 2026
Crypto news
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Bearish
pluang ai news

A crypto user lost about 100,000 USDT after unknowingly sending funds to a fake wallet address planted in their transaction history 66 days earlier, a tactic known as address poisoning. The attacker exploited the victim's habit of copying addresses from transaction history without verifying the full address string. The stolen USDT was converted into approximately 52.8 ETH to avoid freezing by Tether. This incident highlights the risks of relying on transaction history as a trusted source and underscores the importance of verifying full wallet addresses before transfers. Address poisoning scams have caused millions in losses, prompting calls for better detection and prevention measures in the crypto industry.

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