Scammers use a vanity address generator to create addresses that contain the first and last characters of victims’ wallet addresses.
Another crypto wallet address scam is spreading that tries to take advantage of users’ carelessness.
In a statement, digital wallet provider MetaMask warned users about the scam, where attackers “poison” transaction histories by sending $0 worth of tokens to users’ wallets. Fraudsters use a personalized wallet address generator (vanity address generator) generate addresses whose first and last characters match the wallet addresses of the victims. Since users often do not check the entire address, they can send their money to the wrong address with only a few characters.
Although hackers do not have access to users’ wallets, they can still defraud them of significant sums of money.
For this reason, the wallet provider warned users to always be cautious and double-check their transactions before making a transfer. The company emphasized that it would be best to check every single character of the wallet address to make sure that the funds are being sent to the correct wallet.
In addition, the company advised users to use their address book when sending digital devices.
A new scam called ‘Address Poisoning’ is on the rise. Here’s how it works: after you send a normal transaction, the scammer sends a $0 token txn, ‘poisoning’ the txn history. (1/3)
— MetaMask Support (@MetaMaskSupport) January 11, 2023
Published on the BitcoinBázis page.