What is address poisoning, and why do people fall for it?
Checking only the first and last few characters of an address won’t protect you from address poisoning, because it doesn’t cost much to generate an address with matching first and last characters.
Once an on-chain transfer is confirmed, it can’t be reversed. Assets sent to a fake address usually can’t be recovered.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning. Currently 1957.5.
Before withdrawing, double-check the full address and network. Sending a small test transaction first is a safer approach.
Checking only the first and last few characters of an address won’t protect you from address poisoning, because it doesn’t cost much to generate an address with matching first and last characters.
Once an on-chain transfer is confirmed, it can’t be reversed. Assets sent to a fake address usually can’t be recovered.
Wallets that frequently transfer stablecoins and $ETH are more likely to be targeted by address poisoning. Currently 1957.5.
Before withdrawing, double-check the full address and network. Sending a small test transaction first is a safer approach.
