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- Pin
A victim (0xcB80) lost $50M due to a copy-paste address mistake.
Before transferring 50M $USDT, the victim sent 50 $USDT as a test to his own address 0xbaf4b1aF...B6495F8b5.
The scammer immediately spoofed a wallet with the same first and last 4 characters and performed an address poisoning attack.
Since many wallets hide the middle part of the address with "..." to make the UI look better.
Many users often copy the address from transaction histories, and usually only check the starting and ending letters.
This victim likes to do the same.
When transferring the remaining 49,999,950 $USDT, the victim copied the fake address from his transaction history.
As a result, 49,999,950 $USDT was sent straight to the scammer.
A painful lesson!
Always double-check the address before making a transfer.
Don't copy addresses from your transaction history for convenience.