Post
Topic
Board Bitcoin Discussion
Re: Stay Ahead Of The Scammers
by
Pandorak
on 29/05/2025, 19:39:15 UTC
I just came across an interesting article about "Address Poisoning Attack" and I thought it was worth sharing.

These types of scams can definitely be tricky, so it is very important to stay informed to keep our funds safe.

https://cointelegraph.com/news/address-poisoning-attacks-in-crypto

Note; Address Poisoning attack invole tampering with cryptocurrency address, exploiting human error rather than vulnerabilities in blockchain security.

Basically, this type of scam has been around for a long time. Scammers send small amounts of tokens to many wallets to increase their chances of success, because they know that there will definitely be people who don't pay attention and send tokens to the scammers addresses. Basically, this takes advantage of other people's negligence, because the addresses are almost identical to ours.

Personally, i have experienced this multiple times. i received transactions from addresses that were nearly identical to those in my Phantom wallet. Fortunately, i always double-check the address before sending. Typically, victims of this scam copy the address from their last transaction.