Crypto Investor Loses $2.6M in Phishing Scams Using Address Poisoning Technique

An investor in cryptocurrencies has fallen victim to two phishing scams within a mere three hours, resulting in a loss of $2.6 million in stablecoins. The scam involved a deceptive tactic called a "zero-value transfer," where a fake transaction appears in the wallet history as a $0 transfer, creating a false sense of familiarity with the sender's address. Consequently, the victim, believing the address to be trusted, sent actual funds to it twice. This particular address poisoning method has been increasingly prevalent, with over 270 million attempts on Ethereum and BNB Chain networks, culminating in the theft of more than $83 million. The advice to crypto investors is to vigilantly verify complete wallet addresses, as partial matches can lead to severe financial losses. Investors should maintain heightened awareness of sophisticated scam techniques and always double-check wallet addresses thoroughly to avoid falling prey to these deceptive strategies.