Oops! Crypto User Loses $2.5M by Copying the Same Scam Address Twice! 😂💸

by

Once upon a time in the wacky world of crypto, a hapless user lost a whopping $2.5 million! How, you ask? By making a simple copy-and-paste blunder! They thought they were moving 843,166 USDT to a safe wallet, but instead, they sent a hefty chunk to the wrong address. Oopsie-daisy! 😱

But wait, it gets better! They did it again! This time, they sent a staggering $1.7 million to the same sneaky scammer. Talk about a costly reminder that even the tiniest slip can wipe out fortunes faster than you can say “crypto catastrophe!” 💥

Copy-Paste Blunder Leads To Million-Dollar Loss

According to the magical scrolls of on-chain records, our unfortunate hero first sent $838,611 in USDT to the correct address (0x4668D1Fe87444a4d750…). But just a moment later, they clicked the wrong entry in their transaction history. Oh dear! That little misstep cost them 843,166 USDT at current prices. They tried once more, and guess what? The funds went straight to the scammer’s account again—poof! Another $1.7 million vanished into thin air! 🎩✨

History Poisoning Trick Catches Many Off Guard

According to the wise folks at Scam Sniffer, these crafty scammers are using a trick called “transaction history poisoning.” They send tiny “dust” transfers from look-alike addresses—just enough to clutter a wallet’s history. Sneaky, right? 😏

Transaction History Poisoning:

1. Scammer sends fake/dust transfer with a similar address

2. Their fake address appears in your history

3. You copy the address from history thinking it’s legitimate

4. Funds get sent to the scammer instead

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) May 26, 2025

When users scroll back through their past transactions, they can’t tell the real address from the bogus one. Copy. Paste. Gone! In this case, the attack address (0x4668EE748c88DA4FEc…) looked almost identical to the real one. And it showed zero balance, adding to the confusion. What a pickle! 🥒

Phishing Scams Remain High

In April, phishing losses hit a staggering $5.29 million. That’s down 17% from March, but the number of victims climbed 26%, from 5,992 to 7,565 addresses. One poor “whale” lost $1.43 million to a phishing signature. Back in March, the biggest haul was $1.82 million. Yikes! 🐋💔

ScamSniffer April 2025 Phishing Report

April losses: $5.29M | 7,565 victims

VS March: -17% in losses | +26% in victims

Key insight: Notable spike in victim count despite lower total losses. Largest attack netted $1.43M via phishing, followed by $700K from address poisoning…

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) May 3, 2025

April’s second-largest attack saw one user lose $700,000 after copying the wrong address. Another person sent $150,000 by mistake. And wallet 0xEFc4f1d5 alone lost over $467,000 in a similar copy-paste trap. What a disaster! 💔

New Threats From EIP-7702 Upgrade

On May 24, the phishing gang Inferno Drainer used Ethereum’s new EIP-7702 rules to steal almost $150,000 in one hit. EIP-7702 lets regular accounts act like smart contracts for a moment. How clever! 🧙‍♂️

The scammers guided victims to approve a batch of hidden token transfers through a delegated MetaMask setup. One click opened the door for a silent “execute” command that drained the wallets in seconds. Poof! Gone! 💨

Greed Breeds Risk

The crypto markets are nearing a whopping $3.5 trillion in total value. Bitcoin hit a fresh all-time high of $111,900 on May 22. Traders are chasing big gains, and that rush makes for urgent moves, which, as we’ve seen, invite mistakes. So, be careful out there, folks! 🏃‍♂️💨

Read More

2025-05-27 04:45