Someone lost $50 million to address poisoning

[_act_]

It has happened two days ago but I have just seen it when CZ the former CEO of Binance talked about it.

https://www.binance.com/en/square/post/34142027296314

Why are some people using cryptocurrencies but they do not learn how to avoid scam? We have been talking about address poisoning since it has been noticed I think 2 or 3 years ago when it  became common.

The addresses can easily be seen and avoided. Also it is not good to copy your address from the coins that you received, copy it on the exchange or on your another wallet where your address you want to send to is.

It will be good if all wallets give warning of the scam addresses but best to filter the scam addresses in a way the wallet user will not see the transaction.

[Chibit01]

It has happened two days ago but I have just seen it when CZ the former CEO of Binance talked about it.

https://www.binance.com/en/square/post/34142027296314

I read about the story here https://bitcointalk.org/index.php?topic=5569038.0

Why are some people using cryptocurrencies but they do not learn how to avoid scam? We have been talking about address poisoning since it has been noticed I think 2 or 3 years ago when it  become common.

Some of this rich dudes just know how to invest and are too ignorant to learn how to protect their self until they are victim to scam and loss all they have invested.

Sometimes it’s appears that those who invest little amount individually learn how to protect their coins than those who invest millions.

[Botnake]

I think I’ve heard of this before, and I was actually a victim of something similar. Back then I was using Electrum and it prompted me to “update,” but it sent me to a non-official website. Ended up losing funds because of that scam.

But this one really hurts. Imagine losing $50 million over a simple mistake. The user must’ve gotten too complacent and only checked the first and last characters of the address.

If it were me, I wouldn’t just double check, I’d triple check (or more) to make sure the address I’m sending to is 100% the correct one.