Post
Topic
Board Altcoin Discussion
Re: New Scam Alert - Address Poisoining
by
Sayeds56
on 15/01/2023, 14:08:09 UTC
Scam alert: Metamask warns crypto users about address poisoning

While exploring the Binance news tab I found this article which highlights how a hacker is stealing the crypto assets by switching the address by matching the characters we normally use to send funds so beware of copying and pasting the recipient address no matter what kind of wallet your using and crosscheck all the characters not prefix and random alone.

I will quote the important part of the article and will leave the link below.

Quote
While the attempt would not give the hackers access to user wallets, people who may have gotten into the habit of copying their wallet address from the transaction history before sending digital asset balances could potentially send their funds to copycat addresses.
Because of this, the wallet provider warned users always to be careful and double-check their transactions before sending their balances. The firm highlighted that it would be best to check every single character of the wallet address to make sure that the funds will be sent to the correct wallet.

source: Scam alert: MetaMask warns crypto users about address poisoning

Thanks for sharing this useful information, we should be more diligent while making transactions from wallets. This scam has been reported recently in media but hackers have already stolen huge amount of funds from wallets. Though Mestamask team is making consistent efforts to make their wallet more secure but scammers always come up with new idea to breach security system, which suggests that a lot more need to be done to improve security systems to build confidence of investors on crypto.