• 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

Berkshire Hathaway Makes Major Move into Tech with Alphabet Investment

chest

Berkshire Hathaway has made a significant $49 billion investment in Alphabet, marking its entry into the tech sector, with shares surging over 55% following the announcement.

user avatarMohamed Farouk

Understanding the Shift from LIBOR to SOFR

chest

The report discusses the significant market transition from LIBOR to SOFR as the new benchmark for floating-rate transactions.

user avatarElias Mukuru

Unlocking Predictability in a Volatile Market

chest

A report outlines strategies for corporate treasurers and investors to hedge against interest rate volatility and secure stable cash flow.

user avatarDiego Alvarez

Exploring Key Swap Strategies for Financial Stability

chest

The report identifies and analyzes four key interest rate swap strategies that help in creating predictable cash flows.

user avatarKenji Takahashi

KAS Price Shows Signs of Stabilization and Potential Reversal

chest

The KAS price is attempting to stabilize above key support levels while facing resistance.

user avatarMaria Fernandez

Kaspa KAS Price Attempts Recovery Amid Market Challenges

chest

The Kaspa KAS price is attempting to recover after a significant drop, despite achieving major technical milestones.

user avatarGustavo Mendoza

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.