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-cryptoNote; 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.
True, this kind of attack has been posted on this forum several times and we have some thread about it already. I am still surprised some regular members of this forum have yet to read or know about this poisoning attack.
https://bitcointalk.org/index.php?topic=5537492.0https://bitcointalk.org/index.php?topic=5433343.20https://bitcointalk.org/index.php?topic=5425576.0Nevertheless, it is always good to have a reminder of stuff like this from time to time.
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.
Scammers will always maximize their chance to scam others so for sure the altcoin address is also plagued with this kind of attack hoping someone will fall for it.