Victim offers $1 million bounty, legal threat after $50 million crypto theft

Victim offers $1 million bounty, legal threat after $50 million crypto theft

The scammer sent a small "dust" amount to the victim's transaction history, causing the victim to copy the address and send $50M to the scammer's address.

Trader Loses Nearly $50 Million in One of the Largest Address Poisoning Attacks on Record More Stories ETHNews

A cryptocurrency trader has suffered a devastating loss of nearly $50 million after falling victim to a sophisticated address poisoning attack, marking one of the largest individual incidents of its kind to date. The attack highlights how even experienced users can be exploited through subtle wallet manipulation techniques. Following the breach, the victim issued an urgent on-chain message offering a $1 million bounty for the return of the funds…

Crypto User Loses $50M USDT In Address Poisoning Attack

An unsuspecting crypto user has recently lost $50 million USDT in an address poisoning scam. The incident represents one of the largest on-chain losses in 2025, drawing reactions from crypto security experts as new developments on the matter roll in. Copy-Paste Mistake Costs User 50M USDT Address poisoning is a scam in which an attacker sends small transactions from a wallet address that closely resembles a victim’s legitimate address, hoping th…

Crypto User Loses Nearly $50 Million After Falling For Address Poisoning Scam

A crypto investor lost almost $50 million after falling for an address poisoning scam. A hacker created a nearly identical wallet and poisoned small transactions to trick the victim. Stolen funds were converted to DAI, then 16,680 ETH moved through Tornado Cash anonymously. One major crypto investor has lost almost $50 million worth of USDT as a result of falling victim to a classic address poisoning attack, which, although very simple, still ma…

Trader Loses $50M in USDT to Address Scam: Check Wallet Habits

A crypto trader reportedly sent $50 million in USDT to a scammer after an address poisoning scam attack, turning one lazy copy‑paste into one of the most expensive mistakes in crypto. Stablecoins, such as USDT, stayed pegged, so markets did not really move in the aftermath of the attack, which makes this loss even more dangerous for everyday users. While big headlines focus on massive exchange hacks, quiet wallet scams like this hit regular peop…

Address Poisoning Scam Highlights Growing Risk of Copy-Paste Transfers

Blockchain investigators say the loss occurred when the user copied a wallet address from their transaction history, unaware that it had been deliberately planted by an attacker. The technique, known as address poisoning, exploits visual similarities between wallet addresses rather than technical vulnerabilities. Key takeaways: Nearly $50 million in USDt was lost due to an address poisoning scam. The attacker relied on address lookalikes, not …