The Ethereum Community Foundation has called for an end to the practice of truncating Ethereum addresses, following a significant phishing attack involving 50 million USDT. In a statement on the X platform, the foundation emphasized the need for full address visibility, warning that hiding parts of addresses with ellipses increases phishing risks. The attack exploited this vulnerability by creating a deceptive address with matching first and last digits, leading a victim to mistakenly transfer funds to the wrong address. The foundation also highlighted existing security flaws in some wallet and block explorer interfaces, urging immediate solutions.
Ethereum Foundation Urges Full Address Display to Prevent USDT Phishing
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
