Crypto Trader Loses $50 Million in Sophisticated Address Poisoning Scam

thecryptobasic2025-12-22 07:50:14

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Crypto Trader Loses $50 Million in Sophisticated Address Poisoning Scam

A crypto trader has lost nearly $50 million in USDT after inadvertently transferring funds to a wallet controlled by scammers in a sophisticated address poisoning attack. According to on-chain analytics firm Lookonchain, the trader withdrew close to $50 million in USDT from Binance on December 20.

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