According to @AltcoinGordon, a trader lost over $600,000 in USDC by accidentally sending funds to a wallet address compromised through address poisoning. This incident highlights the increasing risk of address poisoning attacks in the cryptocurrency market, where attackers create lookalike addresses to trick users into sending funds to the wrong destination. Traders are urged to double-check wallet addresses before transferring large amounts of stablecoins or other cryptocurrencies. As USDC is widely used for trading and DeFi, such security breaches can impact market confidence and liquidity. Source: @AltcoinGordon on Twitter, May 10, 2025.

According to @AltcoinGordon, address poisoning is a tactic used by attackers to manipulate cryptocurrency addresses, potentially diverting funds to malicious wallets instead of intended recipients. Traders are advised to stay vigilant to prevent such fraudulent activities.

According to Phantom, to avoid address poisoning, users should never copy and paste an address from their transaction history, always verify their wallet address before sending funds, and consider using Phantom usernames instead of addresses to minimize risk.

According to Phantom, address poisoning is a prevalent crypto scam where scammers create wallet addresses that closely resemble legitimate ones. The intent is to deceive users into sending funds to the scammer's wallet instead of the intended recipient. This tactic underscores the importance of double-checking wallet addresses before making transactions to avoid financial losses.

According to PeckShieldAlert, a community contributor has identified that an address (0x8EEa...2d6) lost approximately $1 million, equivalent to 410 ETH, three hours ago due to an address poisoning scam. The loss occurred because the user mistakenly copied the wrong address. The intended address was 0x15e1c25B29aD5Fd9f2FcEBca9578EffDd8CB2413.