The scammer's moves are being monitored by blockchain sleuths
Earlier today, an extremely unlucky trader fell victim to an address poisoning scam, losing a whopping $68 million worth of wrapped Bitcoin . Most of these funds have been alreadyThe address poisoning scam involves creating a fake address that is very similar to the real one.
For this fraudulent scheme to work, a potential victim has to be careless enough to copy and paste the wrong address for performing their transaction. Hence, users are supposed to always double-check their addresses . At the same time, suspicious transactions should be simply ignored. In this case, the fake address had the same six characters at the beginning and the end.
MistTrack has suggested that the scammer should consider returning the funds since it is very unlikely that they will be able to spend all of them without getting caught. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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