Address Poisoning Costly: 140 ETH Lost — Strengthen Address Verification
I observed a user lose 140 ETH (≈$636k) after falling victim to an address poisoning attack — they copied a malicious address and sent funds to the attacker. This was a costly operational security failure, not a protocol bug.
I believe this incident highlights how easily human errors and UI/UX vulnerabilities can be exploited in crypto: address replacement in clipboard, fake links, or look-alike addresses remain effective attack vectors.
I recommend immediate containment and prevention measures: check transaction history and blockchain explorers for the exact flow, report to the receiving services and relevant authorities, and adopt strict address verification habits — use hardware wallets, ENS or address book checks, always send a small test amount first, and use wallet address verification tools.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.