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How a single copy-and-paste error cost a user 50 million dollars in USDT.
A user lost nearly 50 million dollars in USDT after copying a poisoned wallet address from their transaction history, demonstrating how subtle address spoofing can deceive users.
A single transaction error caused one of the largest on-chain losses recorded this year, after a user accidentally sent nearly 50 million dollars in USDT to a fraudulent address in a classic address poisoning attack.
According to the on-chain researcher Web3 Antivirus, the victim lost 49,999,950 USDT
USDT 0.85 € after copying a malicious wallet address from their transaction history.
Address poisoning scams rely on similar wallet addresses that are inserted into a victim's transaction history through small transfers. When victims later copy an address from their transaction history, they may unknowingly select the scammer's similar address instead of the intended recipient.
On-chain data shows that the victim initially sent a small test transaction to the correct address. Minutes later, however, the full transfer of 50 million dollars was sent to the poisoned address.
👉 Cryptocurrency hacks reached 3.4 billion dollars in 2025.
According to Cointelegraph, cryptocurrency-related hacks resulted in 3.4 billion dollars in losses in 2025, marking the highest annual total since 2022. The increase was largely driven by a handful of massive breaches targeting major cryptocurrency entities, rather than a widespread increase in the average size of attacks.
