The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victims wallet address. 5290 Total views 53 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT A new crypto wallet address scam that tries to take advantage of user carelessness has been on the rise, according to the MetaMask team.
In an announcement, digital wallet provider MetaMask warned users of an address poisoning scam, where attackers poison transaction histories by sending users tokens worth $0 to their wallets. The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victims wallet address. This gets unsuspecting users to send their funds to the wrong copycat address.
A new scam called ‘Address Poisoning’ is on the rise. Here’s how it works: after you send a normal transaction, the scammer sends a $0 token txn, ‘poisoning’ the txn history. (1/3) MetaMask Support (@MetaMaskSupport) January 11, 2023
While the attempt would not give the hackers access to user wallets, people who may have gotten into the habit of copying their wallet address from the transaction history before sending digital asset balances could potentially send their funds to copycat addresses.
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Because of this, the wallet provider warned users to always be careful and double-check their transactions before sending their balances. The firm highlighted that it would be best to check every single character of the wallet address to ensure the funds are sent to the correct wallet. Cast your vote now!
Apart from this, the firm recommended that users stop copying wallet addresses from their transaction histories and use their address book when sending digital assets. #Blockchain #Wallet #Scams #DeFi #MetaMask Related News How to convert your digital art into NFTs and sell it Multiparty computation could offer increased protection for crypto wallets Hackers drain $8M in assets from Bitkeep wallets in latest DeFi exploit Revoke your smart contract approvals ASAP, warns crypto investor No respite for exploits, flash loans or exit scams in 2023: Cybersecurity firm
