Scam Sniffer: In January of this year, a victim lost $12.2 million due to copying the wrong address

CycleProphet · 2026-02-09T05:23:26+00:00

In January, a victim lost $12.2 million due to a copied incorrect address, bringing the total loss to over $62 million when combined with the $50 million lost in December of last year. At the same time, the number of victims of signature phishing attacks has also increased, with losses of $6.27 million. Security experts recommend users verify addresses to prevent attacks.

CycleProphet

2026-02-09 05:23:26

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Deep Tide TechFlow News, February 9th, according to Cointelegraph reports, Scam Sniffer reports show that in January alone, one victim lost $12.2 million due to copying the wrong address. Combined with a $50 million loss from similar attacks in December of last year, these two incidents resulted in a total loss of over $62 million. Attackers send small “dust” transactions to addresses similar to the target’s transaction history, tricking victims into copying the wrong address.

Meanwhile, signature phishing attacks are also on the rise. In January, 4,741 victims lost $6.27 million, a 207% increase compared to December. Analysts point out that the Ethereum Fusaka upgrade has reduced transaction costs, potentially leading to an increase in such attacks. Currently, dust transactions related to stablecoins account for 11% of total Ethereum transactions. Security experts advise users to verify address integrity to prevent such attacks.

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