In early 2023, a new type of cryptocurrency attack rose to prominence, known simply as “address poisoning.”: tricking the target into sending funds to the attacker's address by forming transactions designed to confuse the target. 😬
or their wallet app, instead of the intended recipient address. This mistake results in the victim transferring their cryptocurrency to the attacker's address.
This is used to increase the odds that the victim will copy the last receiver's address, believing that they have already transacted with this address in the past. As you might expect, sending a small amount of funds to thousands of wallets can be expensive. In total, attackers have spentThese attacks can be difficult to detect because the transactions appear legitimate and may not trigger any warnings. However, victims can protect themselves by always double-checking the recipient's address before sending any cryptocurrency.Unfortunately, there is nothing you can do to prevent yourself from being targeted by an address poisoning attack.
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