Binance's CZ warns crypto community about emerging scam
The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer's wallet. Binance CEO Changpeng 'CZ' Zhao warned his followers on X about a tricky and increasingly popular scam targeting the crypto community , in which fake wallet addresses are used to defraud users during transactions. The scheme generates addresses with the same starting and ending characters as the user's original address. Once the mirrored address has been generated, the scammer sends the target dust transactions that will reflect on the victim's transaction history. If the victim copies and pastes an address from one of the dust transactions, the funds will be sent to the scammer. According to CZ, a well-experienced crypto operator fell victim to this scam on Aug. 1, sending crypto currencies worth $20 million to a dust address. The operator noticed the error right after the transaction and requested Binance to freeze the Tet...