Crypto scam cause to lost $71 million, an unbelievable trick surprise the world

[Cryptocrit]

A person lost $71 million on Crypto scam, an unbelievable trick surprise the world



The cryptocurrency communities are really surprised by hearing about this type of tricks to make scam, also demanded the urgent need for increased awareness and education on the risks associated with digital asset transactions.

more....
https://www.cryptocrit.xyz/2024/05/a-person-lost-71-million-on-crypto-scam.html

[TomPluz]

The strategy used in this case is not something really new since I heard of similar stories even years ago...what is astonishing here is the amount - $71 million worth of ETH - which is truly staggering and this happened in just one transaction with the deceitfulness of address poisoning attack where the victim was not looking at the entire address where he sent the asset to. This is so sad and I am sure this affected the victim in a profound way as even losing like $1000 can already be gargantuan to me how much more if it can be worth millions. The big lesson here is to see the full address of the recipient wallet to make sure it is correct and not changed somehow.

[DYING_S0UL]

This is one of the most common crypto scam methods. In address poisoning, the scammer creates an address that is similar to the victim's address. Not fully similar, but the first and last strings of the address. And if one isn't careful enough, he or she will lose everything. I don't know how exactly poisoning works or is made, but it's really frightening. To be honest, nobody memorizes their full address or can. In short it's hard. It isn't something memorisable. For me, I can only memorize last strings, maybe 5 characters, but no more than that.

Note: If I were sending $71 million worth of assets, I would definitely check every character one by one. No way I'm trusting copy paste or autofill option!...