A cryptocurrency user recently lost more than $2.5 million due to a simple copy-and-paste mistake. The user intended to transfer 843,166 USDT to a secure wallet but accidentally sent part of the funds to the wrong address. In a second costly error, they transferred an additional $1.7 million to the same scammer. This case underscores how minor mistakes can have devastating financial consequences in the crypto space.
Scammers are increasingly using a tactic known as “transaction history poisoning,” where they send small fake transactions to users, creating deceptive records in their transaction history. When users unknowingly copy these fake addresses for future transfers, they end up redirecting their funds to scammers.
Although phishing-related losses declined from March to April, the number of victims has risen. One recent attack exploiting Ethereum’s EIP-7702 standard led to a theft of nearly $150,000. As the total cryptocurrency market nears the $3.5 trillion mark, users must stay alert and exercise extreme caution to avoid falling prey to these evolving scams
