Two victims have suffered significant financial losses totaling over $62 million due to address poisoning attacks, according to Scam Sniffer monitoring. In January, one victim lost $12.2 million after copying an incorrect address from their transaction history. This incident follows a similar attack in December, where another victim lost $500,000. Address poisoning involves attackers sending small amounts of tokens from addresses that closely resemble legitimate ones, tricking users into copying the wrong address.
Additionally, signature phishing attacks in January resulted in $6.27 million in losses, marking a 207% increase from the previous period. The Ethereum Fusaka upgrade, which reduced transaction costs, is believed to have contributed to the rise in such attacks. Coin Metrics data indicates that stablecoin-related dust transactions now make up about 11% of daily transactions on Ethereum. Furthermore, Whitestream reports that DAI has become a favored option for illicit actors to store funds, as its protocol governance does not cooperate with authorities to freeze addresses.
Address Poisoning Attacks Lead to Over $62M Losses for Two Victims
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