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Reddit user warns of a copy & paste exploit that stole his crypto

Published 08/26/2020, 04:54 PM
Updated 08/26/2020, 07:20 PM
Reddit user warns of a copy & paste exploit that stole his crypto
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A Reddit user operating under the name “seraf1990” warned of a copy & paste crypto scam that replaced a wallet address he copied from Coinbase with one belonging to scammers. According to seraf1990, he lost about $350 worth of Bitcoin (BTC) — money that he notes was meant to go towards his rent for next month.

The post explains that seraf1990 was attempting to cash out some BTC by sending it from Binance to his account on Coinbase. After copying the exchange’s Bitcoin wallet address, he pasted it into the appropriate field back on Binance and completed the transaction “without second thought.” It was only later that he realized the address had somehow been swapped.

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