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

cointelegraph2025-12-20 tarihinde yayınlandı2025-12-20 tarihinde güncellendi

Özet

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

Trend Kriptolar

İlgili Sorular

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.

İlgili Okumalar

AI is Killing 'Poor People's Entertainment'

AI Is Eliminating 'Entertainment for the Poor' This article discusses the rising cost of video gaming, arguing that AI is making digital entertainment increasingly expensive. It follows the example of a frugal gamer who, accustomed to waiting for discounts and buying second-hand games, now faces a new reality. Video game consoles like the PS5 Pro and Switch 2 are increasing in price post-launch, breaking the traditional pattern of降价 over time. Game prices are also rising, with major titles like GTA 6 launching at $80. Furthermore, the industry is moving towards eliminating physical media, exemplified by Sony's plan to stop PS disc production by 2028. This shift blocks the二手 market, a key cost-saving avenue for players. Even Valve's anticipated affordable Steam Machine launched with a high price and disappointing specs. Manufacturers cite inflation, supply chain issues, and rising development costs, but a core driver is the AI boom. AI data centers now consume semiconductor and memory resources once prioritized for consumer electronics like game consoles. This competition from a more profitable sector drives up hardware costs. Additionally, developing modern AAA games with massive teams over many years is astronomically expensive, pushing publishers towards digital-only distribution and subscription models to secure recurring revenue. The article suggests this trend extends beyond gaming. Video streaming, music platforms, cloud storage, and AI tools are increasingly locked behind complex subscription tiers. While AI promises future benefits, it is currently making digital entertainment and services more costly. The era of progressively cheaper, accessible online entertainment is ending, forcing consumers to pay more upfront for future technological promises.

marsbit56 dk önce

AI is Killing 'Poor People's Entertainment'

marsbit56 dk önce

The Demise of the Trillion-HKD ETF Myth: SK Hynix Plummets, Hong Kong Switches from 'Double Leverage' to 'Flexible Leverage', South Korea Restricts Leveraged ETF Investments

South Korea's AI-driven bull market has taken a sharp downturn, severely impacting SK Hynix's stock and prompting regulatory tightening in both Hong Kong and South Korea on single-stock leveraged products. The CSOP SK Hynix Daily Leveraged (2x) ETF, once the world's largest single-stock leveraged ETF with over HKD 130 billion in assets, saw its value plummet by over 80% as SK Hynix shares fell nearly 46% from their June peak, erasing more than HKD 100 billion. In response, Hong Kong's Securities and Futures Commission (SFC) revised its regulatory framework. Starting August 3rd, fixed 2x leverage for single-stock leveraged and inverse products will shift to a dynamic "flexible leverage" mechanism, where daily leverage can vary up to a maximum of 2x. This aims to balance market development with investor protection but has sparked debate about changes to the products' core features and potential reduced appeal for risk-seeking investors. Simultaneously, South Korean authorities announced plans to further restrict single-stock leveraged ETFs following two consecutive days of market circuit breakers. Proposed measures include capping individual investors' allocations to such products at 20% of their total financial investment assets, increasing trading costs, and enhancing suitability requirements. The Finance Minister publicly apologized, acknowledging insufficient initial risk assessment. Analysts note that while the long-term fundamentals for South Korean semiconductor firms like SK Hynix remain solid, short-term market volatility is heightened due to concentrated leveraged bets and shifting global risk sentiment. The regulatory moves in both markets signal a clear shift from encouraging innovation towards prioritizing risk control, reminding investors of the amplified risks inherent in leveraged products.

marsbit1 saat önce

The Demise of the Trillion-HKD ETF Myth: SK Hynix Plummets, Hong Kong Switches from 'Double Leverage' to 'Flexible Leverage', South Korea Restricts Leveraged ETF Investments

marsbit1 saat önce

İşlemler

Spot

Popüler Makaleler

O Nasıl Satın Alınır

HTX.com’a hoş geldiniz! O1 exchange (O) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında O1 exchange (O) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: O1 exchange (O) Varlıklarınızı SaklayınO1 exchange (O) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: O1 exchange (O) Varlıklarınızla İşlem YapınHTX'in spot piyasasında O1 exchange (O) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

302 Toplam GörüntülenmeYayınlanma 2026.06.19Güncellenme 2026.06.29

O Nasıl Satın Alınır

PROS Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Pharos (PROS) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Pharos (PROS) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Pharos (PROS) Varlıklarınızı SaklayınPharos (PROS) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Pharos (PROS) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Pharos (PROS) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

264 Toplam GörüntülenmeYayınlanma 2026.06.22Güncellenme 2026.06.29

PROS Nasıl Satın Alınır

VERONA Nedir

I. Proje Tanıtımı VERONA, zincir soyutlaması aracılığıyla herkes için, her yerde inşa edilmiş bir blok zinciridir. Genel Soyutlama katmanını kullanarak, VERONA, hesaplar, imzalar ve birlikte çalışabilirlik gibi karmaşık blok zinciri işlevlerini doğrudan protokol seviyesinde entegre ederek kendini ayırt eder. Bu yaklaşım, temel teknolojileri anlamaya gerek kalmadan blok zinciri uygulamalarıyla etkileşimde bulunmayı sağlar.1) Temel Bilgiler İsim: VERONA (VERONA)III. İlgili Bağlantılar Resmi web sitesi bağlantısı: https://xion.burnt.com/ Whitepaper: https://xion.burnt.com/whitepaper.pdf Keşif Araçları: https://explorer.burnt.com/ Sosyal Medya: https://x.com/burnt_xion Not: Proje tanıtımı, resmi proje ekibi tarafından yayımlanan veya sağlanan materyallerden alınmıştır, yalnızca referans içindir ve yatırım tavsiyesi teşkil etmez. HTX, ortaya çıkan doğrudan veya dolaylı kayıplardan sorumluluk kabul etmez.

260 Toplam GörüntülenmeYayınlanma 2026.06.22Güncellenme 2026.06.22

VERONA Nedir

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların A (A) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.

活动图片