The post Crypto User Loses $50M in Address-Poisoning Scam appeared first on Coinpedia Fintech News
A crypto user lost nearly $50 million in USDT after falling for an address-poisoning scam. The victim accidentally copied a look-alike wallet address from their transaction history and sent 49,999,950 USDT to the attacker. After receiving the funds, the scammer converted the USDT into ETH, split it across multiple wallets, and moved part of it into Tornado Cash to hide the trail. The incident highlights how small mistakes can lead to massive losses in crypto transfers.