Huobi has issued a warning about a sophisticated cryptocurrency scam involving small 0.001 USDT transfers to addresses with nearly identical endings. Fraudsters target users who frequently conduct large transactions or have fixed recipient addresses.
How the Scam Works
Address Monitoring: Scammers use technical tools to track wallets with:
- High-volume transactions
- Predictable recipient patterns
- Address Spoofing: Using an "address generator," they create a fake wallet nearly identical to the target's legitimate address (e.g., differing by only 1-2 characters at the end).
Baiting Tactics:
- Small 0.001 USDT deposits are sent repeatedly to the victim’s wallet.
- These fraudulent addresses appear in the transaction history.
Exploiting Habits: If users:
- Copy-paste addresses from transaction records
- Only check the last few characters of the address
They may accidentally send funds to the scammer’s spoofed wallet.
Key Protective Measures
✅ Always double-check full addresses—don’t rely on partial matches.
✅ Use saved/bookmarked addresses for recurring transactions.
✅ Enable whitelists or address verification where possible.
✅ Be suspicious of unexpected small deposits—they may precede scams.
👉 Learn how to secure your crypto transactions
FAQ Section
Q: Why do scammers send 0.001 USDT first?
A: To make their fake address appear in your transaction history, increasing the chance you’ll copy it accidentally.
Q: How can I verify an address is correct?
A: Cross-check the entire address, not just the last few characters. Use QR codes or whitelists for added safety.
Q: What should I do if I sent funds to a scam address?
A: Transactions are irreversible. Report to the platform (e.g., Huobi) immediately, but recovery is unlikely.
Q: Are hardware wallets safer against this scam?
A: Yes—they require manual address verification on the device, reducing paste errors.
👉 Explore secure wallet solutions