Crypto Address Poisoning - DON'T GET ROBBED! How it works, Variants and how to be safe

Crypto Address Poisoning is a common yet dangerous scam affecting thousands of cryptocurrency users. In this tactic, attackers create fake wallet addresses that closely resemble the victim’s address. They embed these lookalike addresses into transaction histories, tricking users into sending funds to the scammer’s wallet instead of their intended recipient. According to Chain Analysis, this tactic has compromised over 82,000 wallets, affecting both new and experienced crypto users and resulting in millions of dollars in losses.

This video covers several types of cryptocurrency address poisoning scams, including:

Mimic Address Poisoning – where scammers create lookalike addresses that can deceive users who copy-paste from their transaction history without close verification.
Transaction History Poisoning – targeting high-frequency users who rely on transaction histories for sending funds, making it easy for scammers to plant fake addresses within previous transactions.
Cross-Platform Poisoning – affecting users who interact across multiple platforms, which can create confusion in transaction histories.
Malware-Based Poisoning – using malware to replace copied wallet addresses, giving users almost no chance to notice the swap.
Each tactic exploits user trust and everyday habits, like relying on transaction history or saved addresses. This video aims to raise awareness and share actionable ways to protect yourself from these scams.

Stay alert, stay safe, and protect your assets from address poisoning scams!

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00:00 - Introduction to Crypto Address Poisoning
01:27 - How Address Poisoning Scam is Carried Out
03:59 - Variants of Address Poisoning
12:15 - Case Study: Trader Losing 68 Million in WBTC
13:05 - Who Should Care About Address Poisoning
15:52 - Importance of Operational Security and Prevention Measures
16:32 - Practical Countermeasures Against Address Poisoning
19:19 - The Role of Vigilance and Awareness
21:17 - Conclusion: Staying Safe from Address Poisoning

#crypto #cryptocurrency #btc #eth #opsec

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The information provided in this video is intended for educational purposes only. It is not intended to be legal or professional advice and should not be relied upon as such.

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