Crypto User Loses $50M in USDT Due to Address Poisoning Scam

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Release Time:12/20/2025 06:32:21

USDT

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A crypto user lost nearly $50 million in USDT after falling for an address poisoning scam. The victim first sent a 50 USDT test to their wallet, then copied a spoofed address matching the first and last four characters of the real one. Scammers used small transactions to make the fake address appear in the user’s history, leading to a 49,999,950 USDT transfer. Lookonchain confirmed no wallet hack or private key theft occurred—just human error and design flaws. As the crypto market evolves, altcoins to watch may also face similar risks if users don’t stay vigilant.

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