Crypto Catastrophe: $50M Gone in a Flash! CZ to the Rescue! 💸😱

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Ah, what a delightful spectacle we have here! Our dear Changpeng “CZ” Zhao, the gallant knight of Binance, is once more raising his voice against those notorious address poisoning ruffians! 🎭

In a recent proclamation, our noble ex-CEO passionately argued that these dastardly attacks are but mere trifles, easily vanquished with splendid wallet-level fortifications! Oh, the audacity of it all! 🏰

Fighting the Poisonous Pests!

“Let us fortify our wallets!” he cries, insisting they should, with a flick of the wrist, ascertain whether a receiving address is a known den of iniquity and prevent the unsuspecting from sending their hard-earned ducats to such scoundrels. Surely, this can be achieved through the divine art of on-chain queries! He even went so far as to advocate for a grand alliance amongst wallets-a veritable fraternity of security! 🤝

And lo! Binance Wallet already issues warnings, like a vigilant sentry, when users attempt to dispatch funds to these poisoned pits. CZ further suggests that we rid ourselves of those pesky spam micro-transactions that muddy our transaction histories. Could it be? A world free of clutter and chaos? 🌍

“We can completely eradicate this type of poison address attacks,” he boldly proclaims.

A Trader’s Tale of Woe: $50M Vanishes!

But hark! Just a few days past, our poor trader, blinded by greed or perhaps folly, lost nearly $50 million in USDT-yes, you heard it right! This unfortunate soul fell prey to the sinister machinations of an address poisoning scheme, as revealed by the ever-watchful on-chain investigators. 🕵️‍♂️

On December 20, the hapless victim transferred the astounding sum of 49,999,950 USDT into the clutches of a nefarious scammer, mere moments after withdrawing the funds from Binance. A classic tale of misplaced trust! 🎭

In the fashion of the fabled foolish, this trader first sent a mere 50 USDT as a test, believing themselves clever. Alas, the cunning attacker utilized a devious script to conjure a deceptive address, one that closely mimicked the legitimate, differing just enough to ensnare the unsuspecting. Ah, the peril of modernity! 🎩

The deceitful villain then initiated a flurry of small transactions from this mock address, poisoning the transaction history of our dear trader. Just twenty-six minutes after the initial test, our hero, entranced by the illusion, copied the spoofed address and sent forth the entire fortune. What a tragic comedy! 🤦‍♂️

According to the sages at SlowMist, the villainous perpetrator swiftly laundered the ill-gotten gains, swapping USDT for DAI, before transforming it into a staggering sum of ETH, all while slipping through the cracks of morality and depositing most into the dark abyss known as Tornado Cash. A veritable labyrinth of deceit! 🌀

Our devastated trader, not one to shy away from drama, later posted a desperate call on-chain, offering a $1 million bounty to any virtuous soul who could return the misbegotten riches. A modern-day plea worthy of the grandest tragedies! 🎭

Let us not forget, dear reader, that just last May, another poor soul lost a staggering $68 million worth of wrapped bitcoin (WBTC) due to a similar folly-an address copied from the annals of their own transaction history. Truly, the moral of the story is clear: beware the poison that lurks within your digital wallets! 🍷

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2025-12-25 09:58