• 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

Uniswap Introduces New Launches Beta Tab for Enhanced Token Discovery

chest

Uniswap has introduced a new Launches beta tab in its web app to enhance the discovery of new tokens across various launchpads.

user avatarAisha Farooq

Sui's Innovative USDsui Stablecoin Strategy

chest

Sui's USDsui stablecoin strategy is revolutionizing token utility by utilizing reserve yield for daily on-chain buybacks and ecosystem distribution.

user avatarTenzin Dorje

Sui's USDsui Model Competes in the Evolving Stablecoin Market

chest

Sui's USDsui model is making strides in the competitive stablecoin market by creating economic utility for stablecoin reserves within its ecosystem.

user avatarBayarjavkhlan Ganbaatar

Chainlink Whale Transfers 800,000 LINK to Custody, Sparking Trader Interest

chest

A Chainlink whale transferred 800,000 LINK, valued at around 68 million, from Coinbase into custody, attracting trader interest.

user avatarElias Mukuru

BNB Trading Volume Surges Ahead of Key Price Level

chest

BNB trading activity saw a significant increase on July 31, with a 65% rise in 24-hour volume as the token approached the $600 mark.

user avatarDiego Alvarez

Coinmarketcap Releases New Report on Market Data

chest

A report has been released by Coinmarketcap focusing on market data.

user avatarKenji Takahashi

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.