A user just fell victim to an address-poisoning scam and lost nearly $50 million in USDT—a stark reminder of how carefully you need to handle every transaction. Here's what happened: the victim accidentally copied a fraudulent look-alike address from their transaction history instead of the legitimate one. Before they realized the mistake, 49,999,950 USDT had already been transferred to the attacker's wallet. The scammer didn't waste time—they immediately converted the stolen USDT into ETH and dispersed it across multiple addresses to obscure the money trail. This kind of attack is insidious because it exploits a moment of carelessness in the copy-paste workflow. Your wallet might show a familiar address from recent interactions, but that doesn't mean it's safe. Always verify addresses character by character, especially for large transactions. Double-check on the blockchain explorer before hitting confirm. It's tedious, sure, but $50M tedious is worth it.

ETH-0.7%
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