This is why scammers keep increasing in numbers

[Cookdata]

Such a huge amount of money to be lost, i am not comfortable send such an huge amount of money from my wallet instead i will transfer it bit by bit, in that way, you don't need to lost much, no matter the mistake, and again keeping such huge amount of money on a wallet is very risky and easy for scammers to move, he should have separated them to different wallet to avoid situations like this . It is therefore advisable not to put huge amount of money on a particular wallet.

Most of this accident, they don't see it coming but curiosity in me wouldn't let me move all the money at once. However, I don't know how you plan to move $50M with multiple transactions and how small do you try to send the money in batches. If you are sending 10 transaction and you split $1m into it, I'm sure before that transaction completed, the exchanges are likely going to question you why you decide to send those transactions. Have you even thought the amount, $100k x 10 is $1m, that alone can satisfy scammer.

You want to avoid this kind of problem, use wallet without point of failure, that's the only way can be free from problem like this. Use an airgap wallet, but one if you have the money or build one and DIY of an airgap device, your PC can do it but you will never be able to connect your PC to the internet ever again. The moment you do it, consider your wallet as hot wallet and that's very risky thing to do. Malware can only get into a computer that has an internet, no internet no problem.

[AVE5]

I still believe that laptops, PC and android phones are a bad way of storing cryptocurrency, most of the time when these devices are infected you won't know, I believe this is what happened to this victim, he should have gotten a hardware wallet rather, to send coins you don't even need to copy paste.

You're actually contradicting but I'm with you.
If you're talking about vulnerabilities of type of crypto storage system, you must agree with me that as much as no digital device is guaranteed of incorruptible because they're either made hardware with mechanical factors and the software crypto storage system and are all exposed to risks either by mechanical malfunction or corrupted components and the risk of internet fraudsters hunting in the internet.
Although the risks of hardware is lesser to the mobile or software wallets because, the most common way to loose your crypto to scam is by troubleshooting targets with through phishing files to break your privacy. So it almost feels wallets that're active connected in the internet is bound to be more vulnerable of one loosing it funds.

[Youngrebel]

Losing money to scammer is extremely painful and what you have described is typical tric. These scammers make up fake addresses that appear nearly same as yours and trick people who only look at first and last few characters of their address before sending them. To avoid this, Hardware Wallet is best solution since it has its own physical screen that shows real address and it is impossible to be fooled by computer virus. Although it is risk to lose money in market trades but it is security error to lose all money in scam that can be stopped with help of right tools such as QR codes and physical checking. Carrying big sum of money in regular phone or regular computer is just too risky and only way to be sure that we are safe is to do something with better hardware.

Some of these issues of scams that happen too are really marvelling.  If this said guy was trading and  maybe wants to make an investment  do the really release the coins without verifying payments ? Or id he was transferring his bitcoin from his own address to another of his address and scamers detected, encroached and sent a different address? Sometimes just imagine how these cases of scams happen.  I can just imagine the amount of pain this person must be passing through.

[SandroVen1]

I still believe that laptops, PC and android phones are a bad way of storing cryptocurrency, most of the time when these devices are infected you won't know, I believe this is what happened to this victim, he should have gotten a hardware wallet rather, to send coins you don't even need to copy paste.

Although the risks of hardware is lesser to the mobile or software wallets because, the most common way to loose your crypto to scam is by troubleshooting targets with through phishing files to break your privacy. So it almost feels wallets that're active connected in the internet is bound to be more vulnerable of one loosing it funds.

I agree with this 100%. That’s exactly the issue, wallets that are constantly connected to the internet are simply exposed to more attack surfaces. Phishing, malicious files, fake updates, and clipboard hijacking are still among the most common ways people lose funds, and many users don’t even realize their device has been compromised.

Hardware wallets significantly reduce this risk because the private keys never leave the device and transactions have to be physically confirmed. Even if a computer or phone is infected, the attacker still can’t sign a transaction without user approval on the hardware wallet itself.

That said, hardware wallets aren’t a complete solution on their own. Users still need good habits: verifying addresses on the device screen, being careful with downloads and extensions, and avoiding rushed transactions. Most crypto losses happen at the human layer, not because the blockchain failed.

Security is really about reducing exposure wherever possible, and minimizing online interaction with private keys is a big part of that.