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.
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.
https://cointelegraph.com/news/address-poisoning-attacks-in-cryptoThanks for sharing because this kind of scam can be very tricky. It involves mistakingly sending funds to a wrong address that looks similar. That's why it is advisable to often change wallet addresses. There is also a need to always crosscheck an address carefully before any transaction.
If we value security and safety of our asset to a very high esteem and as a watch dog, honestly there will never be any room to make any forms of assumptions, most people assume without validation as a result of how long they have been making use of a regular wallet address and ignore the need to always recheck, recking is very essential and not even to be done in a hurry but always in a convenient, we are human with vulnerability of making mistakes at one point or the other, I try as much as possible never to be a victim of such mistake because I know how painful it could be, I had a friend who has made such mistake of sending to an intended wallet address, till date he keeps making references to the mistake and of course I have learnt a lesson from him too he was in a hurry and never had time to recheck.