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#IsraelStrikesIranBTCPlunges
The investor lost 386,000 USDT due to an address substitution attack.
This is known as an "address poisoning" attack. Experts explained that the real address started with "0xb302" and ended with "cf88". The attacker generated a nearly identical address "0xb302c716...cf88", to which the victim sent the funds.
The stolen coins were converted by the hackers into stablecoins DAI and Ether. The system assigned the hacker's wallet the maximum risk level — 100 points. According to experts, this address is used as an intermediary for distributing the stolen funds.
Analysts added that such attacks are becoming cheaper due to reduced network fees on blockchain networks. This allows malicious actors to automate the process and send thousands of fake transactions in hopes of catching users off guard.
Earlier, ScamSniffer experts reported that in January, a user lost $12.2 million after sending funds to a fake address copied from transaction history.