• 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

UnitedSignals Shares Technical Analysis on TradingView

chest

UnitedSignals has recently shared a technical analysis on the TradingView platform, providing valuable insights into current market trends for traders.

user avatarSatoshi Nakamura

Chris Larsen's Connection to Peter Thiel's Dialog Network Raises Privacy Concerns

chest

Chris Larsen's connection to Peter Thiel's Dialog Network raises privacy concerns.

user avatarJesper Sørensen

Secret Network Faces Major Security Breach with Axelar Bridge

chest

Secret Network confirmed a significant security incident involving its Axelar bridge, exploited to drain approximately 467 million due to an infinitemint vulnerability.

user avatarRajesh Kumar

Binance Reports Major Drop in Shiba Inu Holdings

chest

Binance's latest Proof of Reserves report reveals a drastic decrease in Shiba Inu (SHIB) holdings, with a drop of 11 trillion tokens in one month.

user avatarLucas Weissmann

Binance Reinforces Transparency with Ongoing Proof of Reserves Reports

chest

Binance reinforces transparency by regularly publishing Proof of Reserves reports, allowing users to verify asset backing and assess platform solvency.

user avatarFilippo Romano

Sonic Labs Faces Governance Challenges Following Board Resignations

chest

Sonic Labs is facing governance challenges following the resignations of key board members, with a focus on operational restructuring and the need for transparency from new leadership.

user avatarMaya Lundqvist

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.