⚠️ Beware of Address Scams: Costly $3.08M Mistake!

🚨 Always double-check wallet addresses before making transfers!

Avoid copying addresses from transaction history for convenience—it could lead to costly errors.

The Incident:

A victim lost 7M $PYTH ($3.08M) after transferring funds to a scammer's fake deposit address.

How it happened:

A scammer created a wallet address with the same first 4 characters as the victim's legitimate deposit address.

The scammer sent 0.000001 SOL to the victim, making their fake address appear in the victim's transaction history.

The victim, noticing the matching first 4 characters, carelessly copied the address directly from the history and sent the funds to the scammer.

Fake Address:

5LbwC1ewY3Sca7T8CwzX9wsjvwMAHbdRo6SCQL8j7EWc

Lessons Learned:

Always verify the full wallet address.

Matching the first few characters is not enough.

Manually input deposit addresses or copy them directly from trusted sources.

Double-check before confirming any transaction, especially for large amounts.

This unfortunate mistake serves as a stark reminder to stay vigilant in safeguarding your crypto assets. Don't let #scammers exploit carelessness!