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A significant error in the cryptocurrency market has led to a loss of 3.08 million dollars for an individual. The excitement surrounding Bitcoin 
$109,647‘s approach to the $100,000 target was overshadowed by this costly copy-paste mistake. Lookonchain announced this tragic incident on the X platform, urging crypto users to be vigilant about checking addresses.
Copy-Paste Error and the Role of the Scammer
According to Lookonchain, the user sent 7 million PYTH (equivalent to 3.08 million dollars) to an incorrect wallet address. This mistake stemmed from carelessness while copying the address from transaction history. Additionally, a scammer played a significant role in this incident by creating a fake wallet address that misled the victim. The fake address had the same first four characters as the real one. The scammer also sent a small amount (0.000001 SOL) to make the transaction appear legitimate, causing the user to trust the fraudulent address.
Blockchain Security and Lack of Attention
Irreversible blockchain transactions exacerbate the consequences of such mistakes. Experts recommend that users carefully check addresses before executing transactions, particularly emphasizing the high risks associated with copying addresses from transaction history.
Lookonchain warned, “Double-check the address before making a transfer! Transfers to an incorrect address are irreversible.” A similar incident previously occurred when another user sent 25 million dollars of Renzo Restaked ETH to the wrong module.
These events highlight the necessity for cryptocurrency investors to enhance not only their technological knowledge but also their attention levels. Double-checking each transaction can prevent potential losses, especially in high-value transactions, where neglecting the verification process is critically important.
