Crypto User Loses $50M in One Copy-Paste Mistake – Address Poisoning Scam
The post Crypto User Loses $50M in One Copy-Paste Mistake – Address Poisoning Scam appeared on BitcoinEthereumNews.com.
The post Crypto User Loses $50M in One Copy-Paste Mistake – Address Poisoning Scam appeared first on Coinpedia Fintech News A crypto user has lost nearly $50 million in USDT after falling victim to an address poisoning scam, according to on-chain analytics platform Lookonchain. The incident happened due to a simple copy-paste mistake during a large transfer and is now being described as one of the costliest errors in crypto history. How the $50 Million Transfer Went Wrong The incident began with what looked like a careful move. Before sending a large amount, the victim first transferred 50 USDT as a test transaction to their own wallet address. This is a common habit among crypto users to avoid errors. However, scammers were closely monitoring the wallet. Soon after the test transaction, the scammer created a fake wallet address that looked almost identical to the victim’s real address, matching the same first and last four characters. A victim (0xcB80) lost $50M due to a copy-paste address mistake. Before transferring 50M $USDT, the victim sent 50 $USDT as a test to his own address 0xbaf4b1aF…B6495F8b5. The scammer immediately spoofed a wallet with the same first and last 4 characters and performed an… pic.twitter.com/eGEx2oHiwA — Lookonchain (@lookonchain) December 20, 2025 The scammer then sent small transactions to the victim so the fake address appeared in the transaction history. This tactic is the core of an address poisoning scam. The Costly Copy-Paste Error When the victim later sent the remaining 49,999,950 USDT, they copied the address directly from their transaction history. Unfortunately, they unknowingly copied the spoofed address instead of their real one. Within seconds, the entire amount was sent straight to the scammer’s wallet. Since blockchain transactions are irreversible, the funds were lost instantly with no recovery option. Why Address Poisoning Scams Are…
Filed under: News - @ December 20, 2025 6:22 am