The post Avoid This Costly Mistake: $1M Lost in Crypto Scam Due to Contaminated Address appeared first on Coinpedia Fintech News
A victim recently lost $1 million in a crypto scam after copying a contaminated wallet address from their transfer history, according to Web3 anti-scam security company Scam Sniffer. The scam happened when the individual copied the malicious address unknowingly during a transaction. Such incidences are a clear reminder of the need to always scrutinize the addresses rather than copying from other histories that may be tainted. It also helps in reminding anyone, particularly in using a wallet address always cross check the correct wallet address in use so as to avoid such costly errors of sending funds to the wrong wallet address. Tip: Wallet addresses should never be copied from transfer histories.