• Scam stole $199K USDT via fake wallet address.

  • Victim used address 0x6c30e44b0570475cab2af776e08af18ddf8a2a16.

  • Multiple small attacks preceded major loss.

  • Verify addresses to avoid similar fraud.

  • Security tools aid in scam prevention.

Crypto Scam Targets Wallet Security

A recent crypto scam resulted in a loss of $199,025 in USDT. The attack involved a fraudulent wallet address mimicking a previously used one. The victim, identified by the address 0x6c30e44b0570475cab2af776e08af18ddf8a2a16, sent funds to the scam address 0x12e...f4e8d. The incident occurred on June 26, 2025, at 04:25:11.

The scam address closely resembled a legitimate one, tricking the user into a mistaken transfer. This type of fraud, known as address poisoning, exploits familiarity with past transactions.

Attack Details Revealed

The transaction hash, 0x13d6b29add0979e38167e9eed3516391bc6e142bfb7364741daabe9c139, confirms the transfer. The victim’s wallet interacted with Tether USDT before the incident. A total of 199,000 USDT, valued at $199,052.48, moved to the fraudulent address.

Additional poisoning attacks followed, each transferring minimal ERC-20 tokens. These occurred at 03:56:35, 03:19:35, 03:17:23, 03:14:47, and 03:07:23 on the same day. Each flagged as high-risk, indicating a pattern of exploitation.

“Scammers crafted a deceptive address to mislead the user, resulting in significant financial loss,” a security report noted.

Rising Threat of Address Poisoning

Address poisoning attacks have increased in the crypto space. Scammers use similar address formats to bypass user vigilance. The victim’s error highlights the need for thorough address verification.

Multiple small transactions preceded the major loss, suggesting a deliberate strategy. The scam exploited the victim’s trust in a familiar address pattern.

“Users must verify every address before sending funds to prevent such losses,” a security update stated.

Community Response

Reports on the incident spread quickly. The attack underscores vulnerabilities in wallet security. Experts emphasize checking transaction details to avoid similar incidents.

The victim’s address shows a history of USDT interactions. This made it a target for scammers using address imitation tactics.

Preventive Measures

Users can protect themselves by double-checking wallet addresses. Tools like transaction simulators help identify suspicious patterns. Open-source security extensions offer real-time scam detection.

The incident serves as a warning. Regular security updates and address validation are critical in the Web3 ecosystem.

#AddressPoisoning #CryptoScam #USDT #WalletSecurity #Web3Safety