The post Ethereum Whale Loses $12.4M in Address Scam Crypto appeared on BitcoinEthereumNews.com.

An Ethereum user lost 4,556 ETH, worth $12.4M, after copying a poisoned address that mimicked a Galaxy Digital deposit wallet. An Ethereum user has lost 4,556 ETH, valued at about $12.4 million, after sending funds to a fake address. The transfer occurred after the user copied an address from transaction history, believing it belonged to Galaxy Digital. Blockchain data shows the loss resulted from an address poisoning tactic rather than a protocol failure. How the Address Poisoning Took Place According to Lookonchain, the affected wallet, identified as 0xd674, had a history of sending funds to Galaxy Digital and regularly used the same deposit address, making its transaction pattern easy to observe on-chain. A victim (0xd674) lost 4556 $ETH($12.4M) due to a copy-paste address mistake. Victim 0xd674 frequently transfers funds to Galaxy Digital via0x6D90CC…dD2E48. The attacker generated a poison address with the same first and last 4 characters as Galaxy Digital’s deposit address… pic.twitter.com/oXI3exESzE — Lookonchain (@lookonchain) January 31, 2026 An attacker created a lookalike Ethereum address with the same first and last four characters. This method is known as address poisoning. The attacker then sent small dust transactions to the victim’s wallet. These dust transfers appeared in the victim’s transaction history. When the user later copied an address from that history, the wrong address was selected. The copied address belonged to the attacker, not Galaxy Digital. The Transfer That Led to the Loss About 11 hours before the loss was identified, the victim attempted another Ethereum deposit. The user copied the address directly from past transactions. The action was intended to save time. Instead, the copied address was the attacker’s poisoned address. Once confirmed on the network, the transaction became final. A total of 4,556 ETH was sent in a single transfer. Blockchain records show the funds moved directly to…

---

Filed under: News - @ January 31, 2026 12:29 pm