Crypto trader loses over $12 million in ‘painful’ mistake

Fake Wallet Scam Drains $12M From Ethereum Investor in Single Transaction

Key takeaways An Ethereum investor lost 4,556 sETH, worth about $12.4 million, due to an address poisoning scam. Attackers used a fake wallet with matching first and last characters to mimic Galaxy Digital’s deposit address. Copying addresses from transaction history remains one of the biggest security risks in crypto transfers. According to blockchain analytics firm Lookonchain, the victim lost 4,556 sETH – valued at roughly $12.4 million at t…

Ethereum Drops As ETH/BTC Weakens And $12.4 Million Scam Hits Market

Ethereum (ETH) has continued to face selling pressure, with the cryptocurrency market experiencing a decline due to rising Bitcoin dominance and a weak ETH/BTC pair. With no positive sentiment, attempts to move higher remained muted for Ethereum. Ethereum has witnessed increased attention due to an on-chain address poisoning scam for $12.4 million, along with a decline in prices. Technical factors and security issues have impacted ETH in the sho…

Ethereum Holder Loses $12 Million in This New Cyber Attack

A cryptocurrency investor lost approximately $12.4 million in Ether to an "address poisoning" scam after an attacker spoofed their wallet.

Trader Loses $12.4M in Address Poisoning Scam

A trader lost $12.4M in ETH after copying a fake wallet address in an address poisoning scam, showing why verifying wallet addresses is critical.

Crypto trader loses over $12 million in ‘painful’ mistake

A cryptocurrency trader has lost more than $12 million worth of Ethereum (ETH) after mistakenly sending funds to a fraudulent wallet address, in what blockchain data suggests was a successful address-poisoning attack. On-chain records show the victim address, identified as 0xd674, had an established pattern of transferring large sums of ETH to a Galaxy Digital deposit wallet, according to insights shared by Lookonchain on January 31. A victim (…