A recent pattern of transactions on the decentralized blockchain network ethereum suggests that scammers have launched an “address poisoning” campaign, CoinDesk reported Thursday (Jan. 22), citing Citi analysts.
An address poisoning scam is one in which bad actors send small amounts of crypto from wallet addresses that are similar to those frequently used by the victim, in hopes that the victim will accidently send funds to the scammer’s address in future transactions, according to the report.
Trends on ethereum that suggest that such a campaign may be underway include a record-breaking surge in transactions and active addresses at a time when bitcoin activity has been trending lower, a large share of the transactions being…
