Enhanced Tactics in Address Poisoning Attacks: Scammers’ Latest Strategies

By Owen Patter Feb 16, 202452Views

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Scammers Using Real Funds in Address Poisoning Attacks

Scammers have taken their tactics to the next level and are now using real funds in address poisoning attacks. A recent incident where a victim lost nearly $50k was brought to light through a post on X by Cyvers Alerts, a platform dedicated to raising awareness about online threats.

Crypto Users Targeted with Real ETH

An initial post warned of the new phishing scam targeting crypto users, stating, “Beware of a new phishing scam targeting #crypto users! Scammers are now sending real $ETH to trick you.”

targets the common practice of copying and pasting wallet addresses in cryptocurrency transactions. The scammer uses a ‘vanity’ address generator to create one closely resembling the victim’s and sends a transaction of negligible value from this fake account. If the victim accidentally pastes the scammer’s address, they end up sending funds to the scammer instead of the intended recipient.

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Tags:

#Phishing alerts crypto Crypto scams cryptocurrency Cryptopotato eth ONE phishing scam scam Scammer scammers wallet

Owen Patter

Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen's contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.