• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Refund of $70M 'address poisoning' scam ongoing with over 50% returned

user avatar

by Giorgi Kostiuk

2 years ago


A victim initially involved in a $70 million ‘address poisoning’ scam is in the process of getting refunded. A significant portion of the funds (14,500 ETH) has already been sent back to the victim’s Ethereum address. Nearly a week after the original loss of 1155 WBTC, transactions ranging from 25 ETH to 50 ETH started to come in from multiple addresses where the stolen funds had been dispersed. Scammers use address poisoning to deceive crypto users into transferring funds to a similar-looking address. By creating thousands of addresses and sending small transactions from one that closely resembles the victim's address, they mess up the victim's transfer history before awaiting an error. Once the victim mistakenly sends money to a scammer, the attack succeeds. After falling for the trap, the victim messaged the scammer through Ethereum’s input data messaging system to possibly negotiate a return. So far, over half of the stolen funds have been successfully returned in more than 200 transactions upon the victim's confirmation of receiving the initial amount.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

House Financial Hearing in New York Aims to Shape Digital Asset Regulation

chest

A house field hearing in New York aims to build consensus around standard digital asset legislation, impacting market dynamics.

user avatarKofi Adjeman

BNB Maintains 578 Support as Inflation Relief Influences Market

chest

BNB maintains support at 578 as inflation relief influences market dynamics.

user avatarSatoshi Nakamura

Cardano Foundation Takes Over Token2049 Event Organization

chest

The Cardano Foundation has officially taken over the organization of the Token2049 event from EMURGO as of July 15.

user avatarNguyen Van Long

Chainlink Integrates US Macroeconomic Data to Enhance Market Understanding

chest

Chainlink integrates US macroeconomic data onto multiple L1 chains to enhance market understanding.

user avatarJesper Sørensen

SBI and Doppler Team Up to Improve XRP Settlement Efficiency

chest

SBI has announced a collaboration with Doppler to build XRP-based tunnels aimed at improving settlement efficiency for local banks.

user avatarRajesh Kumar

Kraken Enhances Card Features to Support Fiat Balances

chest

Kraken has announced an upgrade to its card, enhancing direct spend mechanics that support core fiat balances.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.