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

by Giorgi Kostiuk
2 years ago
Made with AI
Tier I
Sector: #18291
Sealed Hiding Place Room

Resource Cache
Tier I

Meme Cache
Tier I

Equipment Cache
Tier I
After collecting, hiding places will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Survivors rescued:
0 / 600
Survivors
0/0
Other news
Horizen Users Face Deadline for Layer-Three Network Migration
Horizen has announced a migration deadline for its layer-three network, urging users to follow specific instructions for asset transfers.

Nvidia and Other Major Companies Object to Trading on OKXICE's Tokenized Stock Venue
Nvidia and 11 other companies have formally objected to their shares being offered on OKXICE's planned tokenized stock trading venue, bringing the total objections to 50.

CFTC Moves Forward Amidst Stalled CLARITY Act
The CFTC's regulatory initiative reflects growing pressure on US regulators to address gaps in digital asset oversight as the CLARITY Act stalled in Congress.

CFTC Proposes New Crypto Asset Market Registration
The CFTC proposes a new registration category for crypto asset markets to streamline regulatory oversight.

Tom Lee Discusses Resilience of Crypto Market Post-Binance Hack
Tom Lee discusses the resilience of the crypto market following the recent Binance hack, highlighting its muted reaction and positive signs for the future.

Bitmine Continues Ethereum Acquisition Amid Binance Hack
Bitmine Immersion Technologies continues its weekly Ethereum acquisition, adding 8,573 ETH worth approximately $19 million, totaling 6,060,506 ETH.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter




