Crypto Users Lose $1.2M to Sneaky “Address Poisoning” Scam

In March 2025, crypto users lost $1.2 million to “address poisoning scams,” where scammers trick victims into sending funds to fake addresses that closely resemble real ones. These fraudulent addresses are often created using phishing tactics or malware. To avoid falling victim, experts recommend carefully verifying addresses, using reputable platforms, and enabling extra security measures. Staying alert and informed is key to safeguarding your crypto assets.