【One-Minute Explainer】What is address poisoning, and why do people fall for it?
Scammers may also send fake tokens with the same names as mainstream stablecoins, making the transaction history look more convincing.
Once an on-chain transfer is confirmed, it cannot be reversed. Assets sent to a similar-looking address are basically impossible to recover.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning.
There’s no one-and-done way to protect your wallet. Good habits are more effective than trying to fix things after something goes wrong.
#ETH
Scammers may also send fake tokens with the same names as mainstream stablecoins, making the transaction history look more convincing.
Once an on-chain transfer is confirmed, it cannot be reversed. Assets sent to a similar-looking address are basically impossible to recover.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning.
There’s no one-and-done way to protect your wallet. Good habits are more effective than trying to fix things after something goes wrong.
#ETH