COINDESK · 2026-11-10 07:01 UTC

An 11-year-old Ethereum wallet moved $4.6 million and dodged a scam set up in minutes

An Ethereum wallet from the 2015 launch sent a 0.05 ETH test payment (about $106) late Monday, then received dust transfers from two lookalike addresses within three minutes. The lookalike addresses were funded by accounts tagged as phishing, and one sent 43 dust payments; the owner then sent 2,154.94 ETH (about $4.6 million) to the correct address 38 minutes after the test. The article describes address poisoning, a scam that exploits truncated addresses in wallet apps, and notes Citi warned in January that such spam was inflating Ethereum's transaction counts.

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