A Cryptocurrency Trader Loses Tens of Millions of Dollars in an “Address Poisoning” Scam

A cryptocurrency trader lost tens of millions of dollars in what is known as an “address poisoning” scam. These scams are carried out by thieves who create fake accounts that mimic the victim’s cryptocurrency address on the internet. They use these accounts to send small amounts of currency to the victim, hoping that the victim will mistakenly send funds to the fake address later on.