According to @lookonchain, wallet 0xcB80 lost roughly $50M after 49,999,950 USDT was sent to a spoofed address created via an address poisoning attack. According to @lookonchain, the victim first sent a 50 USDT test to their own address 0xbaf4b1aF...B6495F8b5, after which the scammer spun up a wallet with the same first and last four characters. According to @lookonchain, many wallets truncate the middle of addresses with ellipses, leading users to copy from transaction history and verify only the beginning and end of addresses. According to @lookonchain, the victim copied the spoofed address from their history and the remaining 49,999,950 USDT was routed straight to the attacker. According to @lookonchain, this highlights elevated operational risk for on-chain stablecoin transfers and the need to double-check full addresses and avoid copying from transaction history when moving size. According to @lookonchain (citing SpecterAnalyst on X), traders should adopt stricter address verification to mitigate address poisoning risk.