What is crypto address poisoning?
What is address poisoning?
It’s a type of a scam or a hack which has been becoming more common recently.
Here’s how it works:
• A scammer looks for an address they want to attack (usually containing valuable NFTs or a lot of crypto) - typically it’s a vault account.
• They create an address that’s very similar - especially first and last characters.
• Then they send a tiny amount of crypto or an NFT to your wallet so it’s added to the Transaction History.
• The scammer is now hoping that you will copy and paste this address and send them your funds.
Here’s how you can protect yourself against this scam:
• Always carefully check your transaction details.
• Add addresses you often use to your trusted list and give them names you can easily recognise.
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