How to lose $50 million in less than an hour? This is one of the biggest on-chain scam losses we've seen recently. A victim lost $50 million USDT due to an address spoofing scam. The funds had just arrived less than an hour ago. The user first sent a small test transaction to the correct address. A few minutes later, $50 million was sent to a malicious address copied from the transaction history. The oldest trick in the book.