Bitcoin withdrawal suspension saga: why self custody is the best
So of recent many people got there withdrawal suspended due to a potential poisoning address attack after receiving payment for rainbet campaign managed by Hhampuz, this is common with KuCoin exchange users
what I noticed from the last week payment transaction fdf3ebb10508808c3cde9df6b99a3af60b2cb820020a993b6094f87f5e60471b was that it was flagged to be address poisoning as shown in the image due to two similar addresses in the output.
The addresses are
1. bc1qg4arhl5fuep5tr9r2upplkj8qezur5hxnwxd8w belonging to *Ace* on spreadsheet number 12 and,
2. bc1qgralnxqcvmg335km595lh542vseqkf3flfyc8w belonging to ChocolateBitcoinK on spreadsheet number 20.
*Ace* join the rainbet campaign from week 31 and with similar adresses as chocolateBitcoinK with both addresses having prefix bc1q and suffix 8w and both coincidentally receiving similar payment, the transaction involving them is tagged address poisoning.
KuCoin exchange has actually suspended the withdrawal of funds from their customers who Recieved bitcoin together with this addresses
In as much as we all know this was a coincidence nobody’s problem it shows that self custody should be adhere to seriously when receiving bitcoin.
Most of us who used KuCoin and other exchanges to recieve payment need to take note that there are many risks involved because of some exchanges policy and it is best to use wallet and then probably move your bitcoin out from the wallet to exchange to sell. This is usually the best practice when Receiving bitcoin.
what I noticed from the last week payment transaction fdf3ebb10508808c3cde9df6b99a3af60b2cb820020a993b6094f87f5e60471b was that it was flagged to be address poisoning as shown in the image due to two similar addresses in the output.
The addresses are
1. bc1qg4arhl5fuep5tr9r2upplkj8qezur5hxnwxd8w belonging to *Ace* on spreadsheet number 12 and,
2. bc1qgralnxqcvmg335km595lh542vseqkf3flfyc8w belonging to ChocolateBitcoinK on spreadsheet number 20.
*Ace* join the rainbet campaign from week 31 and with similar adresses as chocolateBitcoinK with both addresses having prefix bc1q and suffix 8w and both coincidentally receiving similar payment, the transaction involving them is tagged address poisoning.
KuCoin exchange has actually suspended the withdrawal of funds from their customers who Recieved bitcoin together with this addresses
In as much as we all know this was a coincidence nobody’s problem it shows that self custody should be adhere to seriously when receiving bitcoin.
Most of us who used KuCoin and other exchanges to recieve payment need to take note that there are many risks involved because of some exchanges policy and it is best to use wallet and then probably move your bitcoin out from the wallet to exchange to sell. This is usually the best practice when Receiving bitcoin.