Address Poisoning: a Growing Threat in the Crypto Space

On May 26, 2025, a crypto investor was targeted by onchain phishing attacks resulting in a loss of $2.6 million in cryptocurrencies. The victim mistakenly sent large amounts of USDT to a fake address due to a zero-value transfer scam. This scam involves creating fake addresses similar to ones previously interacted with, leading users to unknowingly send funds to scammers. Address poisoning, including zero-transfer attacks, has caused significant losses on major blockchains like Ethereum and BNB Chain. In 2025 alone, investors lost millions due to this scam tactic. To prevent falling victim to address poisoning, users are advised to double-check recipient addresses before transactions and consider using blockchain solutions like Ethereum Name System for human-readable addresses. Vigilance and caution are crucial in safeguarding against this evolving threat in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news