$ETH

{spot}(ETHUSDT)

$BTC 🚨🛡️ Security Report: Scam of Fake Addresses in Ethereum and USDT 💸

Incident Summary

Recently, multiple fund losses have been reported due to an address poisoning trick:

Victim 1: Sent 140 $ETH to a fake address that appeared legitimate 🔗, copying it from their history.

Victim 2: Lost 500K $USDT using the same technique ⚠️ hours later.

💰 Total losses so far: $1.25M

🔹 Same scammer, same method.

How the Scam Works

The scammer creates addresses that look similar to the legitimate ones 🎭, using visually similar characters or small variations. The user, relying on their transaction history, copied the incorrect address and sent funds directly to the scammer's wallet.

Security Recommendations

1. Double-check ✅: Always carefully compare the address before sending any cryptocurrency.

2. Avoid copying from history 📋: It’s safer to copy the address from verified official sources.

3. Use trusted contact lists 📂: Keep trusted addresses within your wallet.

4. Alert the community 📣: Sharing these incidents helps prevent others from falling into the same trap.

Conclusion

This incident highlights the importance of extreme caution in cryptocurrency transactions 🔐, even when addresses seem familiar or trustworthy. Binance Squad and the community must stay vigilant and spread these warnings to reduce the risk of massive losses.