A crypto hacker has been targeting Safe Wallet users with “address poisoning attacks,” resulting in over $2 million being stolen from around 21 victims in the past week. The attacker creates a similar-looking address to the victim’s regular transaction destination and sends a small amount of crypto to “poison” their transaction history. This tricks the victim into sending funds to the hacker’s wallet instead of the intended destination. The same attacker has reportedly stolen at least $5 million from a total of 21 victims in the past four months. One victim, who held $10 million in crypto, lost $400,000 in the attack. Address poisoning attacks have been on the rise, with hackers exploiting Ethereum’s ‘Create2’ Solidity function to bypass wallet security alerts. This method has allowed them to accumulate around $60 million from almost 100,000 victims over six months. The recent attack on Florence Finance, where $1.45 million was lost, demonstrated how the attacker used a similar address to trick the protocol. It is crucial for crypto users to be vigilant and double-check the addresses they are sending funds to in order to avoid falling victim to these attacks.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | None |
| Companies | Cointelegraph, Scam Sniffer, SlowMist, PeckShield, Safe Wallet, Florence Finance, Dune Analytics |
| Currencies | USDC |
| Securities | None |
