Cryptocurrency Trader Loses $50 Million to Address Poisoning Scam in Under an Hour

A cryptocurrency trader lost nearly $50 million in USDT due to an address-poisoning scam. The victim transferred funds to a fraudulent address copied from transaction history. The theft happened in under an hour, with the stolen funds being converted to Ethereum, dispersed across multiple wallets, and partially laundered through Tornado Cash. The victim demanded the return of 98% of the stolen funds within 48 hours. Address poisoning has caused $3.4 billion in losses in 2025, with over 158,000 personal wallets compromised and 80,000 unique victims affected.