• 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

Crypto Market Faces Decline as Bitcoin Drops Below 90,000

chest

Crypto markets faced a fresh wave of anxiety as Bitcoin slipped below 90,000, leading to a decline in the overall market cap and impacting meme coins significantly.

user avatarArif Mukhtar

Lolli Partners with Spark to Enhance Bitcoin Rewards Experience

chest

Lolli partners with Spark to enhance the Bitcoin rewards experience by supporting Lightning Network withdrawals, simplifying the earning and withdrawal process for users.

user avatarAndrew Smith

Gemini Completes IPO, Raising $425 Million

chest

Gemini has successfully completed its Initial Public Offering (IPO), raising approximately $425 million.

user avatarMaria Gutierrez

Deffio Launches Unified Wallet Experience for Crypto Users

chest

Deffio has launched a new noncustodial wallet that simplifies moving money between fiat and digital assets, featuring a user-friendly interface and an onramp widget for easy crypto purchases.

user avatarDavid Robinson

ETF Approval and Market Dynamics Impact XRP's Long-Term Outlook

chest

The approval of the FalconX21Shares XRP ETF coincided with market turbulence, affecting XRP's price response.

user avatarZainab Kamara

Analysts Identify Key Chart Patterns for XRP's Future Movements

chest

Analysts are tracking two key chart structures that may guide XRP's next major move.

user avatarJacob Williams

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.