Binance develops ‘antidote’ to address poisoning scams after $68M exploit

Address poisoning, or address spoofing, is a deception trick where scammers send a small amount of digital assets to a wallet that closely resembles the potential victim’s address, to make it part of the wallet’s transaction history — hoping that the victim will accidentally copy and send funds to their address.

“An authentic Ethereum address like 0x19x30f…62657 could be spoofed using a similar-looking 0x19x30t…72657, which can be totally different in the middle while maintaining the first and last few characters.”

For more details, please refer to the article: https://cointelegraph.com/news/binance-antidote-address-poisoning-scams-algorithm

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