What should you watch out for if a transfer of 0 suddenly appears in your wallet?
First, what it is: Checking only the beginning and end of an address won’t protect you from address poisoning, because it doesn’t cost much to generate an address with the same first and last few characters.
How it works: Address poisoning doesn’t require stealing your private key or getting you to sign an authorization. It relies entirely on the habit of copying addresses from transaction history and checking only the first and last few characters.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning.
Be wary of claims promising high returns.
First, what it is: Checking only the beginning and end of an address won’t protect you from address poisoning, because it doesn’t cost much to generate an address with the same first and last few characters.
How it works: Address poisoning doesn’t require stealing your private key or getting you to sign an authorization. It relies entirely on the habit of copying addresses from transaction history and checking only the first and last few characters.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning.
Be wary of claims promising high returns.