binanceacademynews

A Solana wallet sent 30,749.80 USDT to a fake address after first making a $10 test transfer to the same address, Bitquery said. According to NS3.AI, the case highlights how lookalike payment addresses can still lead to large losses even after a successful test confirms delivery to the selected address.

Bitquery said it counted 4,497,798 wallets targeted by lookalike payment addresses over 11 months, though that figure does not mean those wallets necessarily lost money. In a smaller loss-analysis subset, Bitquery found 1,104 wallets making qualifying payments totaling $940,106. The firm also noted that a successful test transfer only confirms delivery to the selected address and cannot establish who controls that address.