How a single copy-paste mistake cost a user $50M in USDt

cointelegraphPublicado a 2025-12-20Actualizado a 2025-12-20

Resumen

A user lost nearly $50 million in USDt in an address poisoning scam after mistakenly copying a malicious look-alike address from their transaction history. The scam works by attackers sending small transactions to a victim's wallet using addresses that closely resemble those of the victim's trusted contacts. In this case, the victim first sent a small test transaction to the correct address but then copied a fraudulent, similar-looking address for the full $50 million transfer. Onchain investigators noted the addresses shared the same first three and last four characters, a subtle similarity that can deceive even experienced users. The stolen funds were subsequently swapped for Ether and partially laundered through Tornado Cash. This incident highlights how such attacks exploit human error rather than technical vulnerabilities. The loss occurred amid a broader surge in crypto hacks, which reached $3.4 billion in losses in 2025.

A single transaction error led to one of the largest onchain losses seen this year, after a user mistakenly sent nearly $50 million in USDt to a scam address in a classic address poisoning attack.

According to onchain investigator Web3 Antivirus, the victim lost 49,999,950 USDt (USDT) after copying a malicious wallet address from their transaction history.

Address poisoning scams rely on look-alike wallet addresses being inserted into a victim’s transaction history via small transfers. When victims later copy an address from their transaction history, they may unknowingly select the scammer’s lookalike address instead of the intended recipient.

Onchain data shows the victim initially sent a small test transaction to the correct address. Minutes later, however, the full $50 million transfer was sent to the poisoned address.

User falls victim to address poisoning scam. Source: Web3 Antivirus

Related: Attacker takes over multisig minutes after creation, drains up to $40M slowly

Subtle address similarity enough to fool experienced users

Security researcher Cos, founder of SlowMist, noted the similarity between the addresses was subtle but enough to deceive even experienced users. “You can see the first 3 characters and last 4 characters are the same,” he wrote.

The victim’s wallet had been active for roughly two years and was primarily used for USDt transfers, according to onchain analysis. Shortly before the loss, the funds were withdrawn from Binance, suggesting the wallet was being actively managed at the time of the incident.

“This is the brutal reality of address poisoning, an attack that doesn’t rely on breaking systems, but on exploiting human habits,” another onchain analyst wrote.

The attacker has since swapped the stolen USDt for Ether (ETH), splitting it into multiple wallets, and partially moved it into Tornado Cash.

Related: Binance denies reports of delayed action over funds linked to Upbit hack

Crypto hacks hit $3.4 billion in 2025

As Cointelegraph reported, crypto-related hacks resulted in $3.4 billion in losses in 2025, marking the highest annual total since 2022. The surge was largely driven by a handful of massive breaches targeting major crypto entities rather than a broad rise in average attack size.

Just three incidents accounted for 69% of total losses this year, led by the $1.4 billion hack of crypto exchange Bybit, which alone made up nearly half of all stolen funds.

Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more

Criptos en tendencia

Preguntas relacionadas

QWhat is an address poisoning scam and how did it lead to a $50 million loss?

AAn address poisoning scam is a type of attack where a scammer sends a small transaction to a victim's wallet using a look-alike address. The victim, when later copying an address from their transaction history, may accidentally select the scammer's fraudulent address instead of the legitimate one. In this case, the user mistakenly sent $50 million in USDt to the poisoned address.

QWhat detail did the security researcher from SlowMist point out about the fraudulent address?

AThe security researcher, Cos from SlowMist, noted that the similarity between the legitimate and the fraudulent address was very subtle. He pointed out that the first 3 characters and the last 4 characters of the two addresses were identical, which was enough to deceive even experienced users.

QWhat did the attacker do with the stolen USDt funds after the scam was successful?

AAfter successfully stealing the USDt, the attacker swapped the funds for Ether (ETH). They then split the ETH into multiple wallets and partially moved it into the privacy-focused mixing service, Tornado Cash.

QHow much was lost to crypto hacks in 2025 according to the article, and what was a major contributing factor?

AAccording to the article, crypto-related hacks resulted in $3.4 billion in losses in 2025. The surge was largely driven by a handful of massive breaches targeting major crypto entities, with just three incidents accounting for 69% of the total losses.

QWhat preliminary step did the victim take before sending the full $50 million, and why was it ineffective in preventing the loss?

AThe victim initially sent a small test transaction to the correct address. However, this was ineffective because the scammer's look-alike address was already in their transaction history from a previous, small 'poisoning' transfer. When the victim went to copy the address for the large transfer, they mistakenly selected the fraudulent one.

Lecturas Relacionadas

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

After a prolonged decline, the Chinese A-share market staged a strong rally on July 21. The STAR 50 index surged 10.73%, its largest single-day gain in nearly a year, leading a broad-based "V-shaped" reversal. The Shanghai Composite Index rose 1.79%, the Shenzhen Component Index gained 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover reached 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous session, with over 3,100 stocks advancing. The semiconductor sector spearheaded the rebound, with related ETFs posting significant gains. Analysts attribute the surge to three converging factors. First, coordinated capital inflows from "national team" institutions, insurance funds, listed company buybacks, and fund house self-purchases have bolstered market liquidity and confidence. Second, supportive policy signals, including commitments from regulators to ensure stable market operations, provided a favorable backdrop. Third, a stabilization and recovery in overseas markets, notably South Korea, created a positive external environment. Institutions suggest the most severe panic selling phase for the tech sector has likely passed, following a significant digestion of crowded positions and leveraged funds. While short-term volatility may persist, the medium to long-term outlook remains underpinned by enduring trends like AI computing demand expansion and semiconductor localization. The market's focus now shifts to the sustainability of supportive fund flows, earnings reports, and upcoming catalysts from the global AI industry chain.

marsbitHace 28 min(s)

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

marsbitHace 28 min(s)

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

US tech momentum stocks staged a sharp rebound on Tuesday (July 21st). Morgan Stanley's TMT Momentum Factor surged over 12%, marking its largest single-day gain on record, exceeding even peaks from the 2000 dot-com bubble. Key momentum indices from Goldman Sachs also posted their strongest daily performances in years. The rally was led by semiconductors, with the Philadelphia Semiconductor Index jumping 4.6%. This rebound followed three consecutive down days and a cumulative 33% plunge in momentum stocks, one of the steepest drawdowns since the dot-com era. Analysts attribute the surge largely to a short squeeze. Heavy selling had pushed high-beta momentum stocks into deeply oversold territory, forcing many short sellers, particularly in Asia, to cover their positions, creating a self-reinforcing buying spiral. However, the rebound's internals appear weak. Trading volume was notably low, and advancing stocks still lagged decliners on the S&P 500, indicating a narrow, concentrated rally rather than broad market participation. Diverging views emerge on the outlook. BTIG warns the bounce has hit key resistance and recommends selling into strength, citing extreme volatility and historical parallels to past market tops. Conversely, Goldman Sachs and UBS believe the momentum unwind is nearing its end, suggesting it may be time to gradually add exposure, as positioning has been significantly reduced. They caution, however, that high volatility warrants a measured approach, potentially using defined-risk strategies. The upcoming earnings season, particularly reports from major tech firms like Alphabet, is seen as a critical test for the rally's sustainability. Simultaneously, bond markets flashed a warning, with yields rising partly due to spiking oil prices. Analysts note that if long-term Treasury yields break decisively higher, it could pose a significant headwind for equities, especially growth stocks.

marsbitHace 36 min(s)

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

marsbitHace 36 min(s)

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

U.S. tech momentum stocks staged a dramatic rebound on Tuesday, July 21st. Key momentum indices like the Morgan Stanley TMT Momentum Factor and Goldman Sachs' High Beta Momentum Long Index posted historic or near-historic single-day gains, fueled largely by semiconductor stocks. This sharp rally followed a severe three-day sell-off that saw momentum stocks plunge 33%, marking one of the steepest pullbacks since the dot-com bubble. Analysts attribute the bounce primarily to a short squeeze, as forced covering from over-leveraged traders, particularly in Asia, created a buying spiral. However, the rally's health is questioned due to weak market breadth—overall trading volume was low, and decliners outnumbered advancers in the S&P 500 despite the index's gain—suggesting a narrow, concentrated surge rather than broad recovery. Opinions on the sustainability diverge. BTIG strategists warn the rebound has hit key resistance levels, citing extreme volatility and historic stock dispersion as signs of an ongoing broader correction, and recommend selling into strength. Conversely, Goldman Sachs and UBS view the aggressive momentum unwinding as nearing its end, noting reduced positioning and a lack of new fundamental catalysts. They suggest the sell-off presents a selective opportunity to add exposure, albeit cautiously and gradually using defined-risk strategies. The immediate trajectory hinges on the ongoing earnings season, with market focus on Alphabet's capital expenditure guidance for AI investment clarity. Meanwhile, bond markets present a risk, with rising Treasury yields—potentially heading toward 5.5%—and widening credit spreads for mega-cap tech companies posing a threat to equity valuations. The combination of technical factors, earnings results, and macro conditions leaves the durability of the rebound in doubt.

链捕手Hace 38 min(s)

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

链捕手Hace 38 min(s)

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

"The Inevitable Cycle: When L1 Becomes Its Own Rollup – What is Ethereum's Endgame?" For years, the Ethereum community grappled with concerns that L2s were fragmenting the ecosystem and eroding L1's value. While L2s provided cheaper execution, they also splintered liquidity and the unified user experience of a single chain. This has prompted a fundamental reassessment of the relationship between L1 and L2. Ethereum's roadmap is evolving. The "Scale" initiative merges L1 and L2 expansion into a holistic framework. L1 itself is advancing with higher gas limits, statelessness, and zkEVM verification, no longer content to be just a low-throughput settlement layer. Consequently, the primary value proposition of L2s is shifting from merely providing cheap blockspace to offering L1 cannot easily provide: application-specific optimizations, privacy features, and flexible governance models. L2s are becoming a spectrum of execution environments with varying degrees of security inheritance from Ethereum. A critical challenge in this multi-chain future is interoperability. The vision is to make Ethereum "feel like one chain again." This relies on advancements in native account abstraction (like EIP-7702) and intent-based architectures (Open Intents Framework), where users declare desired outcomes, and solvers handle the complex cross-chain execution. Furthermore, shortening Ethereum's finality time from minutes to seconds is crucial, as it underpins trust between chains for bridges, stablecoins, and cross-chain applications. Perhaps the most provocative idea is that Ethereum L1 itself could become a form of "its own Rollup." As zkEVM and proof systems mature, high-performance nodes could execute transactions and generate validity proofs. Regular validators would then verify these proofs instead of re-executing all transactions. This blurs the traditional L1/L2 hierarchy, making "Rollup" more of a general execution-verification architecture. Native Rollup aims to integrate L2 validation more directly into the Ethereum protocol, allowing L2s to inherit L1's security more fully and move away from reliance on security councils. In the end, L2s are not destined to replace L1 or be made obsolete by it. The likely future is a unified system where diverse execution environments—each optimized for specific use cases like DeFi, gaming, or privacy—coexist. They will share a common foundation of security, liquidity, and verifiable state, seamlessly connected to restore a cohesive user experience. The next phase for Ethereum is not just about scaling through separation, but about intelligently reintegrating what was separated back into a coherent whole.

链捕手Hace 54 min(s)

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

链捕手Hace 54 min(s)

Trading

Spot

Artículos destacados

Cómo comprar O

¡Bienvenido a HTX.com! Hemos hecho que comprar O1 exchange (O) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar O1 exchange (O) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu O1 exchange (O)Después de comprar tu O1 exchange (O), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear O1 exchange (O)Tradear fácilmente con O1 exchange (O) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

128 Vistas totalesPublicado en 2026.06.19Actualizado en 2026.06.29

Cómo comprar O

Cómo comprar PROS

¡Bienvenido a HTX.com! Hemos hecho que comprar Pharos (PROS) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Pharos (PROS) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Pharos (PROS)Después de comprar tu Pharos (PROS), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Pharos (PROS)Tradear fácilmente con Pharos (PROS) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

146 Vistas totalesPublicado en 2026.06.22Actualizado en 2026.06.29

Cómo comprar PROS

Qué es VERONA

I. Introducción al Proyecto VERONA es una blockchain construida para todos, en todas partes a través de la abstracción de cadenas. Utilizando su capa de Abstracción Generalizada, VERONA se distingue por integrar funcionalidades complejas de blockchain, como cuentas, firmas e interoperabilidad, directamente a nivel de protocolo. Este enfoque permite interactuar con aplicaciones de blockchain sin necesidad de entender las tecnologías subyacentes.1) Información Básica Nombre: VERONA (VERONA)III. Enlaces Relacionados Enlace al sitio web oficial: https://xion.burnt.com/ Libro Blanco: https://xion.burnt.com/whitepaper.pdf Exploradores: https://explorer.burnt.com/ Redes Sociales: https://x.com/burnt_xion Nota: La introducción del proyecto proviene de los materiales publicados o proporcionados por el equipo oficial del proyecto, que es solo para referencia y no constituye asesoramiento de inversión. HTX no se hace responsable de ninguna pérdida directa o indirecta resultante.

171 Vistas totalesPublicado en 2026.06.22Actualizado en 2026.06.22

Qué es VERONA

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de A (A).

活动图片