Address Poisoning Attack Causes $12.2 Million Loss in January
According to Scam Sniffer data, in January, a victim lost 12.2 million dollars by copying the wrong address from the transaction history in an “address poisoning” attack. This adds to a similar 50 million dollar attack in December. Address poisoning involves attackers sending small “dust” transactions from addresses similar to the target’s transaction history, leading the victim to copy the wrong address. Attackers dirty the victim’s address book and redirect funds to their own wallets.
Signature Phishing Attacks Surge 207% Causing $6.27 Million in Losses
In the same period, signature phishing attacks increased by 207%, causing 4,741 victims to lose 6.27 million dollars; 65% of the losses belong to two wallets. Signature phishing tricks users into signing malicious blockchain transactions. Funds are drained by obtaining hidden permissions through fake approval screens. Users should be careful when conducting ETH spot analysis in their wallets.
Ethereum Stablecoin Dust Transactions Triple After Fusaka Update
Web3 Antivirus noted that address poisoning is a consistent cause of major crypto losses, recording losses between 4 million and 126 million dollars. On Ethereum, stablecoin dust transactions tripled after the Fusaka update; according to Coin Metrics, they account for 11% of Ethereum transactions and 26% of active addresses. 38% of the 227 million stablecoin balances post-update were under a penny. These dust tactics make on-chain tracking difficult.
DAI is the Favorite of Illicit Actors: Technical Analysis
Whitestream reported that the DAI stablecoin is preferred by illicit actors because the protocol governance does not allow wallet freezing, using it as a “parking spot.” DAI is currently in a sideways trend, EMA 20 at the $1.0189 level. Strong supports: S1 $1.0178 (90/100 score, 0.11% away), S2 $1.0004 (67/100). Resistances: R1 $1.0196 (88/100), R2 $1.0369. RSI 42.54, Supertrend bearish. Check detailed DAI analysis and DAI futures. Its stable structure appeals to criminals.
Source: https://en.coinotag.com/january-address-poisoning-122m-crypto-loss
