• 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

a year 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.

Other news

MicroStrategy Purchases 4,980 Bitcoins: Market Implications

chest

MicroStrategy announced the acquisition of 4,980 Bitcoins for $531.9 million, enhancing institutional influence on the market.

user avatarGiorgi Kostiuk

Spanish Law Enforcement Dismantles Major Crypto Fraud Scheme Involving €460 Million in Losses

chest

In Spain, five suspects have been arrested as part of a large-scale crypto fraud scheme affecting over 5,000 victims worldwide.

user avatarGiorgi Kostiuk

Circle's National Trust Bank Application: Implications and Market Impact

chest

Circle has applied for a national bank trust in the U.S., potentially strengthening USDC's stability and transforming the stablecoin landscape.

user avatarGiorgi Kostiuk

Solana ETF Launch Drives Price Surge to $161

chest

The launch of a Solana ETF by REX Shares and Osprey Funds triggered a price surge to $161, attracting institutional investors.

user avatarGiorgi Kostiuk

Crypto Market in Q3: XRP, Avalanche, and MAGACOIN FINANCE Analysis

chest

Overview of the crypto market in Q3: analysis of XRP, Avalanche, and MAGACOIN FINANCE.

user avatarGiorgi Kostiuk

Integration of Solana into 1inch Wallet: New DeFi Opportunities

chest

1inch Wallet adds Solana support, improving token management and expanding DeFi opportunities.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.