2025-12-20 05:23:33

A user with the address 0xcB80 lost $50 million worth of USDT due to a copy-paste error.

Here's what happened: they first transferred 50 USDT to their own wallet 0xbaf4b1aF...B6495F8b5 as a test to verify the address was correct. But this seemingly cautious move actually gave scammers an opportunity.

The scammer immediately registered a wallet address that mimicked the victim’s address, matching the first and last four characters. It looked almost identical. When the victim accidentally pasted this fake address while transferring 50 million USDT... the funds were lost.

This case profoundly illustrates a key issue: on-chain transfers seem simple, but any oversight can lead to catastrophic consequences. Even experienced users must stay vigilant at all times. It is recommended to develop habits such as double-checking addresses before large transactions or using security tools like hardware wallets.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
2
Repost
Share

Comment

0/400

GweiWatcher

· 17h ago

Oh my god... $50 million is gone just like that, it’s really heartbreaking. The test transfer actually became a clue for scammers; this move is too ruthless. A simple copy and paste, and the entire fortune is wiped out. I don’t even dare to make large transfers now; I have to double-check the address three times. This guy might have to use a hardware wallet from now on, or else the psychological trauma will be too great. There are so many pitfalls on the blockchain; it looks like the same address can actually be fake. Blockchain security is still a big issue. $50 million... my goodness, that’s money most people can’t earn in a lifetime. That’s why people keep saying cryptocurrencies are risky; indeed, one small mistake can lead to bankruptcy.

View OriginalReply0

TheMemefather

· 17h ago

50 million dollars just gone like that, this is too outrageous. I now have to check my transfers three times. --- Honestly, I've seen this kind of thing many times, but every time I see it, I still feel heartbroken. Being cautious has instead become a vulnerability. --- Four digits at the beginning and end? The scammers are really good at finding loopholes, but I guess there's no one to blame. --- Hardware wallets are indeed reliable, but who among ordinary people would actually use them? --- This guy probably regrets it so much his intestines are turning green—50 million dollars. --- On the blockchain, there is no absolute security. No matter how cautious you are, there will be times when things go wrong. --- Why do some people still not double-check addresses for large transfers? I really can't understand. --- This lesson is so profound that I don't even dare to touch major cryptocurrencies now.

View OriginalReply0

Trending TopicsView More
#2025GateYearEndSummary
21.34K Popularity
#JoinGrowthPointsDrawToWinGoldenBar
28.55K Popularity
#GateLaunchpadKDK
26.89K Popularity
#FedRateCutPrediction
80.1K Popularity
#ETHTrendWatch
191.9K Popularity

Hot Gate FunView More

1
MP信托Международный Трастовый Фонд
MC:$3.6KHolders:4
0.17%
2
MCMargin Call
MC:$3.55KHolders:1
0.00%
3
BitpizzaBitpizza
MC:$3.6KHolders:2
0.13%
4
GAIAGAIA
MC:$20.75KHolders:2053
53.96%
5
GMONEYGMONEY
MC:$3.54KHolders:1
0.00%

Sitemap