AddressPoisoning

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

A variation of dusting scams involves scammers creating wallet addresses that closely resemble the beginning and ending characters of legitimate addresses frequently used by a targeted wallet owner. The goal is to confuse the user into mistakenly sending funds to the wrong address during unrelated transactions. Here’s how this scam works:
How the Scam Works
1. Creating Similar Addresses
Scammers generate wallet addresses that mimic the structure of legitimate addresses the user has previously interacted with. They focus on replicating the first and last few characters, as these are the parts users often rely on for verification.
2. Sending Dust Transactions
Small, seemingly insignificant amounts of cryptocurrency (dust) are sent from these fake addresses to the victim’s wallet. This populates the wallet’s transaction history with the scammer’s deceptive address.
3. Manipulating Future Transactions
When the user later tries to send funds to a familiar address, they may mistakenly select or copy the scammer’s look-alike address from their transaction history, unknowingly transferring funds to the scammer instead of the intended recipient.

Recognizing the Scam
1. Unfamiliar Transactions
Watch for small, unexpected transactions, especially from addresses that look similar to those you regularly interact with.
2. Partial Address Matches
Scammers rely on the fact that many users only check the first and last few characters of a wallet address for verification. Always examine the entire address closely.
3. Suspicious Patterns
If you notice a series of transactions with similar but slightly altered addresses in your history, it could indicate a dusting scam.

How to Protect Yourself
1. Use Address Book Features
Many wallets allow you to save frequently used addresses. Use this feature to avoid relying on past transactions to find addresses.
2. Verify Entire Addresses
Before sending funds, double-check the full address, not just the first and last few characters.
3. Be Wary of Recent Transactions
Avoid blindly copying addresses from your transaction history, especially if they were part of unsolicited deposits.
4. Manually Manage Important Addresses
Keep a secure list of verified addresses you regularly transact with to avoid selecting the wrong one.

By paying close attention to transaction details and practicing careful verification, you can protect yourself from these scams that exploit small lapses in attention to misdirect funds.

#ScamAwareness $POL #DustingScam #AddressPoisoning