• 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

Trump's Comments Boost Optimism in US Markets and Crypto

chest

Trump's comments about US markets reaching all-time highs have increased investor confidence, attributing this to tariff policy and boosting optimism among investors.

user avatarTando Nkube

Bybit Announces Support for Cosmos ATOM v2530 Upgrade

chest

Bybit announces support for the Cosmos ATOM v2530 network upgrade, scheduled for January 12, 2026, with temporary suspension of ATOM deposits and withdrawals.

user avatarKofi Adjeman

Bitwise Files for Spot AVAX ETF with Staking.

chest

Bitwise filed an amended S-1 for a spot AVAX ETF that includes staking, aiming to track the spot AVAX price and generate staking income, with plans to launch on NYSE Arca in early 2026.

user avatarMaya Lundqvist

Avalanche Facilitates Regulated Markets in Europe.

chest

Securitize announced a pan-European Trading and Settlement System on Avalanche under the EU DLT Pilot Regime, enabling tokenized securities to settle in seconds across all EU member states.

user avatarKaterina Papadopoulou

Avalanche Treasury Company Launches Public Treasury Program.

chest

Avalanche Treasury Co (AVAT) announced a merger with Mountain Lake Acquisition Corp to create a public treasury vehicle for AVAX exposure.

user avatarNguyen Van Long

Avalanche Improves Institutional Finance through a Cutting-Edge Marketplace.

chest

In 2025, FIS and Intain Markets launched a blockchain-based marketplace on Avalanche, allowing community banks to trade loan portfolios on-chain.

user avatarJesper Sørensen

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.