Crypto traders, we need to talk. This week alone, address poisoning scams drained over $1.6 million from unsuspecting users — that’s more than the entire month of March losses.
One victim sent 140 ETH (~$636,500) to a scammer, thinking they were paying a trusted address. Another lost $880,000 in USDT. The rest of the week? Multiple cases of $80k and $62k drained in seconds.
How it Works:
Scammers send you a tiny transaction from a wallet address that looks almost identical to one you’ve used before. It shows up in your transaction history. Later, when you need to send funds, you copy-paste from history — and unknowingly send it straight to the scammer.
It’s not just this:
On top of address poisoning, over $600k vanished this week from malicious signature approvals. One trader signed a simple “approve” request and lost $165k in tokens instantly.
Why It’s Dangerous:
These scams prey on speed and trust.
Blockchain transactions are irreversible — once sent, it’s gone.
Even experienced traders have been caught off guard.
Protect Yourself:
✅ Use whitelists or an address book — only send to saved, verified wallets.
✅ Always check the entire address, not just the first and last few characters.
✅ Never copy from recent transaction history.
✅ Read every signature request before approving.
Remember: In crypto, one wrong click can cost your portfolio. Stay sharp, trade safe, and never assume — always verify.$ETH
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