Re: Stay Ahead Of The Scammers

Quote from: Mahanton on May 29, 2025, 09:40:36 PM

Quote from: Dulen007 on May 29, 2025, 04:50:20 PM

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.

So this is something new:

Address poisoning involves sending small transactions from wallet addresses that closely resemble a legitimate one, tricking users into copying the wrong address when making future transactions.

Trying out to send those wallets that having that almost identical with having that 1-2 digit or just like look the same for the real user will be trying out to copy that recent transaction?
Im surprised that it work considering on how many have been victimized on this, but the main question on my mind is on how the heck will someone copy out the address from history of transactions? rather than on
copying directly with that main address written above? Huh

As far as I know, it's a kind of using a Vanity address to create an address that is almost the same (and usually it's made similar to a smart contract address, Cmiiw), and it's aimed at the wallet address of the potential victim, so that for people who are not careful, they will be lured and fall into the trap.

Some time ago, a centralized exchange in my country experienced the incident, the owner of the exchange stated that they were fooled by the trap, and as I recall he said that he got a fake USDT token that had a smart contract that was almost the same as the original, and unfortunately they immediately processed the fake token, and in the end it all happened. Well, the lesson we learn from the incident is to always be careful with anything, and we should re-verify every information or action we are going to take, especially in this case, we have to recheck every coin or token that we will process, so that we do not experience a similar incident.