A crypto investor lost millions in a series of on-chain phishing attacks. The victim mistakenly transferred 843,000 USDT to an incorrect address and later sent an additional 1.75 million USDT to the same address, resulting in substantial losses. This incident involved a zero-value transfer scam, where scammers create addresses that closely resemble previously interacted ones, causing users to inadvertently send funds to them. The malicious actors exploit the practice of copying wallet addresses, leading to irreversible losses. In 2025 alone, address poisoning has cost investors millions, with significant losses occurring across major blockchains like Ethereum and BNB Chain. Victims can take preventive measures, such as double-checking addresses, using new addresses for transactions, and utilizing reputable wallets that offer phishing protection. Engaging with well-known security platforms can also help users monitor and avoid potential scams.

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