CryptoScamAlert

A recent update in one of the leading altcoins — specifically Ethereum — has introduced an advanced yet potentially dangerous feature that has quickly become a tool for exploitation. Crypto trading firm Wintermute has issued a serious security alert regarding the misuse of EIP-7702, a new feature launched as part of the Pectra hard fork.

🔹 EIP-7702: Innovation or Exploitation Risk?

The feature EIP-7702 introduces a concept called account abstraction, which allows regular wallets to temporarily function as smart contracts. Promoted by Ethereum co-founder Vitalik Buterin, the function is designed to enable users to:

🔹 batch multiple transactions,

🔹 let someone else pay for gas fees,

🔹 and use social authentication within a single transaction.
However, this innovation has quickly turned into a security threat in the wrong hands.

Wintermute: Over 80% of EIP-7702 Usage Is Malicious
According to data analyzed via Dune Analytics, Wintermute revealed a troubling trend:
More than 80% of EIP-7702 delegations are being exploited in “CrimeEnjoyor” attacks.
The method is simple — a short, copy-pasted smart contract code is repeatedly deployed across different addresses. The contract automatically transfers assets from wallets (whose private keys have been leaked) to addresses controlled by the attacker.
“The CrimeEnjoyor contract is short, simple, and widely used,” Wintermute reported. “This replicated bytecode now dominates EIP-7702 delegations. It’s darkly ironic.”

Scam Sniffer and SlowMist Also Issue Warnings
Other security firms have echoed Wintermute's concerns:
🔹 Scam Sniffer reported a malicious transaction linked to the notorious Inferno Drainer scam network, which led to losses of approximately $150,000.

🔹 SlowMist emphasized that wallet providers must support clear identification of destination addresses in smart contracts that users are prompted to sign.
Experts are urging increased transparency and user education to prevent unsuspecting users from authorizing harmful transactions.

❗ Recommendations for Users
🔹 Carefully review smart contract content before signing

🔹 Avoid unverified or suspicious apps utilizing EIP-7702

🔹 Use wallets with enhanced security features and alerts

🔹 Follow tools like Scam Sniffer to detect threats early

💬 Question for readers: Do you believe features like EIP-7702 are the future of crypto wallets—or too risky for widespread adoption?

#EthereumUpdate , #CyberSecurity , #CryptoScamAlert , #BlockchainSecurity , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🚨 Crypto Investment Warning – Think Before You Dive In! 🚨
Hey folks,
Just a quick word of caution for all the aspiring crypto investors out there – Do NOT invest in a coin like “New Lunch Coin” or any similar pump-and-dump scheme without doing serious research first. Why? Because more than 90% of such coins crash and burn, dragging your hard-earned savings straight into the red zone! ❌📉
💡 Many of these tokens are hype-driven, lack real utility, and are created solely to exploit investor excitement. Once the hype dies down, the price plummets, and you're left holding a bag full of regrets.
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🔍 My Take on Smart Crypto Investment Strategy:
1. Do Your Own Research (DYOR):
Before putting your money anywhere, dig deep. Study the coin’s whitepaper, the project team, partnerships, and real-world utility. If there's no clarity, transparency, or long-term plan – that’s a red flag!
2. Market Fluctuation Awareness:
Crypto is volatile by nature. Don’t just look at short-term charts or social media buzz. Zoom out and check the coin’s long-term performance and market sentiment.
3. Avoid FOMO:
Fear of Missing Out is dangerous. Just because everyone is jumping on a coin doesn’t mean it’s a good idea. By the time it's trending, it's often too late.
4. Diversify Your Portfolio:
Don’t put all your eggs in one basket. Mix your investments with established assets (like BTC, ETH) and only allocate a small portion to high-risk altcoins or new projects.
5. Secure Your Investment:
Use trusted exchanges and consider hardware wallets for storing larger amounts. Security is just as important as returns.
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🚫 Bottom Line: Don't blindly follow the crowd or influencers shouting “next big coin!” Your savings deserve better than getting wiped out in a speculative storm.
💬 Let’s be wise. Let’s be informed. And above all – never invest more than you’re willing to lose.
#CryptoInvesting #CryptoTips #InvestmentStrategy #DYOR #CryptoScamAlert #Blockchain #CryptoWisdom #FinancialFreedom

🔹 A shocking loss in just one morning: A cryptocurrency investor fell victim to an unusual double phishing attack, losing a total of $2.6 million in stablecoins — all within just three hours. The attackers used a clever method known as zero-value transfers, a more advanced form of address poisoning that’s becoming an increasingly serious threat in the crypto space.

🔹 Two attacks, one target: user trust
According to the cybersecurity firm Cyvers, which specializes in on-chain compliance, the victim sent two large payments within hours:

🔹 first, $843,000 USDT,

🔹 followed by another $1.75 million USDT.
Both transactions were executed using a deceptive phishing method involving zero-value transfers — a subtle and sophisticated technique that is often overlooked by even seasoned users.

🔹 How do zero-value transfers work?
This attack exploits token transfer functions to insert a fake transaction with a zero token value into the victim’s on-chain history. Since the transfer amount is zero, it doesn’t require a signature from the victim’s private key.
As a result, the fake recipient address appears in the victim’s transaction history, giving the illusion that it’s a trusted or previously used address.
📌 Then the real danger begins: The victim, believing they are sending funds to a familiar recipient, copies the address directly from history. The result? The transaction goes straight to the scammer.

🔹 Not the first case – and likely not the last
This trick isn’t new — in 2023, a hacker using the same zero-transfer phishing tactic stole $20 million in USDT before being blacklisted by the stablecoin’s issuer.
Zero-value transfers are considered an advanced form of “address poisoning,” where attackers send a tiny amount of crypto from a wallet that closely resembles the victim’s (sharing similar first and last characters). The goal is to trick users into copying and reusing the wrong address in future transactions — resulting in major losses.

🔹 A growing threat across blockchains
A January 2025 study revealed that between July 2022 and June 2024, there were more than 270 million attempted phishing attacks on BNB Chain and Ethereum. While most were unsuccessful, 6,000 succeeded, leading to over $83 million in losses.

🔹 AI to the rescue: New defense tools emerge
To fight this threat, cybersecurity firms are stepping up. Trugard, in collaboration with the trust protocol Webacy, introduced a new AI-powered system for detecting address poisoning in crypto wallets. Their tool reportedly achieved a 97% success rate during tests on known attack scenarios.

🛡️ The lesson? Don’t trust your transaction history blindly. Always double-check recipient addresses, and use advanced tools to catch subtle scams. In the world of crypto, even one click can cost millions.

#CryptoScamAlert , #CyberSecurity , #CryptoNewss , #phishing , #CryptoSecurity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Scammers are evolving fast, and even experienced traders are getting caught. If you're using Binance P2P, here's what you NEED to know:
‎
‎Common Scam Tactics:
‎❌ Fake payment screenshots — they look real, but no money ever arrives.
‎❌ Too-good-to-be-true rates — these deals are bait.
‎❌ High-pressure tactics — scammers rush you to release crypto before confirming.
‎❌ Bypassing Binance systems — asking to move the trade off-platform = instant danger.
‎
‎How to Stay SAFE on Binance P2P:
‎✅ Always confirm payments yourself — use your bank app, not screenshots.
‎✅ Trust Binance Escrow only — it protects your funds until both parties complete the trade.
‎✅ Ignore pressure — anyone rushing you is likely up to something.
‎✅ Report suspicious behavior — it helps keep the entire community safer.
‎
‎Remember: One wrong move = funds lost forever.
‎Stay alert. Be cautious. Protect your crypto.
‎
‎Follow for more real-time crypto safety updates.
‎

Scammers are evolving fast, and even experienced traders are getting caught. If you're using Binance P2P, here's what you NEED to know:

‎

‎Common Scam Tactics:

‎❌ Fake payment screenshots — they look real, but no money ever arrives.

‎❌ Too-good-to-be-true rates — these deals are bait.

‎❌ High-pressure tactics — scammers rush you to release crypto before confirming.

‎❌ Bypassing Binance systems — asking to move the trade off-platform = instant danger.

‎

‎How to Stay SAFE on Binance P2P:

‎✅ Always confirm payments yourself — use your bank app, not screenshots.

‎✅ Trust Binance Escrow only — it protects your funds until both parties complete the trade.

‎✅ Ignore pressure — anyone rushing you is likely up to something.

‎✅ Report suspicious behavior — it helps keep the entire community safer.

‎

‎Remember: One wrong move = funds lost forever.

‎Stay alert. Be cautious. Protect your crypto.

‎

‎Follow for more real-time crypto safety updates.

‎

I recently swapped 40 USDT for a token named HUMA using Binance Web3 Wallet. The token's price spiked, and my balance showed a potential profit of 80 USDT. I decided to hold — expecting more gains.
Big mistake.
Shortly after, Binance flagged the token as high-risk, trading was prohibited, and its value plummeted to nearly zero. Now, my balance is worthless.
Important note: The real HUMA token is yet to be listed — it's officially launching tomorrow. What I bought was a fake copy, and I fell into a trap.
My advice to everyone:
Always verify the token contract before buying.
Double-check listing announcements on Binance or official sources.
Don’t trust sudden price pumps or new tokens without proper research.
If it looks too good to be true, it usually is.
I’m now watching for the real HUMA and will buy carefully pre-listing.
Stay alert and don’t lose your funds like I did.
#CryptoScamAlert #FakeTokenSeBacho #HUMA #CryptoSafety #dyor