• 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

TradingView Implements Strict Editorial Policy

chest

TradingView has recently established a strict editorial policy that focuses on accuracy, relevance, and impartiality in its reporting.

user avatarNguyen Van Long

Fidelity's Fund Aligns with GENIUS Act for Stablecoin Regulation

chest

Fidelity's Fidelity Reserves Digital Fund (FYMXX) aligns with the GENIUS Act to create a regulated market for stablecoin reserves.

user avatarJesper Sørensen

Fidelity Launches Reserves Digital Fund for Stablecoin Issuers

chest

Fidelity has launched the Fidelity Reserves Digital Fund (FYMXX), a money market fund aimed at providing compliant reserve backing for stablecoin issuers.

user avatarSatoshi Nakamura

Financial Report Utilizes Data from HKMA and HKEX

chest

A financial report has been compiled using information from the Hong Kong Monetary Authority (HKMA) and Hong Kong Exchanges and Clearing Limited (HKEX). This report aims to provide accurate insights for stakeholders in the financial sector.

user avatarRajesh Kumar

Texas Brothers Admit Guilt in $8 Million Crypto Heist

chest

Texas brothers plead guilty to robbing a Minnesota family of over $8 million in cryptocurrency at gunpoint.

user avatarLucas Weissmann

Wrench Attacks on Crypto Holders Surge Amid Rising Violence

chest

The recent robbery of a Minnesota family by two Texas brothers highlights a troubling trend of wrench attacks on cryptocurrency holders, prompting law enforcement to raise alarms and investigate these violent crimes.

user avatarFilippo Romano

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.