Crypto Loss: $2.6M USDT Stolen

User Loses $2.6 Million USDT to Address Poisoning Scam

• A user lost approximately 2.6 million USDT due to address poisoning.
• The victim transferred large sums twice within three hours to a fraudulent address.
• The scam involved creating a deceptive address similar to one frequently used by the victim.
• Experts from Cyvers and Chainalysis highlighted the mechanics and impact of this fraud.
• In May 2025, Binance developed an algorithm to detect scams using spam transactions.

The user mistakenly sent around 843,000 USDT followed by another transaction of 1.75 million USDT, totaling approximately 2.6 million USDT in losses due to the scam.