USDT holder loses $50K in Ethereum address-poisoning attack

A cryptocurrency user has lost approximately $50,000 in USDT to an address-poisoning attack on Ethereum, according to Scam Sniffer. Summary A user lost approximately $50,000 in USDT on Ethereum, according to Scam Sniffer. The fraudulent address matched the intended recipient’s first four and last six characters. An earlier victim lost 100,000 USDT after an address remained planted for 66 days. MetaMask says it displays a blocking warning when a destination resembles a previously used address. Scam Sniffer said the fraudulent address matched the intended recipient’s first four and last six characters. The security platform shared the two addresses alongside a transaction-history screenshot showing the misdirected payment. Address poisoning exploits familiar-looking payment records In its security guidance, MetaMask describes address poisoning as a scam that places a lookalike address in a user’s transaction history. Attackers monitor token transfers, often involving stablecoins, then generate an address resembling one the target has used. According to the wallet provider, a negligible-value or zero-token transfer can put the imitation into the target’s activity record. The attacker ...