Hacking News
Bitquery study finds 4.5 million Solana wallets targeted with fake payment addresses
Bitquery released a study showing that nearly 4.5 million Solana wallets have been targeted with fake payment addresses. The report cites a November 2025 case where a wallet sent a $10 USDT test transaction to a lookalike address. After confirming receipt, the same wallet transferred 30,749.80 USDT to the fraudulent address. Bitquery notes the test only proves the address can receive funds, not who controls it. Receiving a small “dust” amount does not automatically drain a wallet; the owner must later authorize a larger payment. Bitquery emphasizes that its 4.5 million figure measures potential targeting, not confirmed losses.