Trust Wallet Launches Address Poisoning Scam Protection

Trust Wallet has launched a new security feature designed to protect users from address poisoning scams by automatically scanning wallet addresses before transactions are completed.

Key Takeaways

• Trust Wallet introduced Address Poisoning Protection to detect scam and lookalike wallet addresses before funds are sent.
• The feature is available across 32 EVM compatible networks, including Ethereum, BNB Chain, Polygon, and Base.
• The tool uses data from HashDit and Binance Security to flag suspicious addresses in real time.
• Address poisoning scams are growing quickly, with over 225 million attacks and about $500 million in losses reported so far.

What Happened?

Trust Wallet has rolled out a new real time security feature aimed at protecting users from a growing crypto scam known as address poisoning. The feature automatically checks destination wallet addresses against a database of suspicious and lookalike addresses before a transaction is completed.

The company said the protection is now active on 32 Ethereum Virtual Machine compatible networks, allowing users to detect potential scams and avoid sending funds to malicious wallets.

Trust Wallet Targets a Growing Crypto Threat

Address poisoning is a type of phishing attack where scammers attempt to trick users into sending cryptocurrency to fraudulent addresses that look similar to legitimate ones. The attack typically begins when scammers send small transactions from spoofed wallet addresses to victims. When users later copy an address from their transaction history, they may mistakenly paste the attacker’s address instead of the intended one.

Trust Wallet described this attack method as one of the fastest growing threats in the crypto ecosystem.

According to the company, there have already been more than 225 million address poisoning attempts, resulting in around $500 million in confirmed losses. Security firm Cyvers has also reported detecting over one million address poisoning preparations each day on Ethereum alone.

In some cases, the financial impact has been severe. Two investors recently lost a combined $62 million in cryptocurrency due to address poisoning attacks. One of the victims reportedly lost $50 million in USDT in December 2025.

How the New Protection System Works?

The new Address Poisoning Protection tool automatically scans wallet addresses when a user copies or enters a destination address.

The system compares the address against a database of known scam wallets and lookalike addresses using intelligence gathered from HashDit and Binance Security.

If a suspicious address is detected, users will receive real time alerts before completing the transaction. The feature also displays a side-by-side comparison that highlights small character differences between addresses to help users identify potential fraud.

Trust Wallet CEO Felix Fan explained the reasoning behind the feature.

Fan said:

Security Features Build on Existing Tools

Trust Wallet said the new protection feature works alongside its existing Security Scanner, a transaction level risk tool introduced in 2023.

While the Security Scanner evaluates the full transaction before confirmation and flags suspicious contracts, malicious decentralized applications, and risky token approvals, the new feature operates earlier in the process by checking wallet addresses the moment they are entered or copied.

Several other crypto wallets already offer similar protections. Wallets such as Rabby Wallet, Zengo Wallet, and Phantom Wallet include transaction filtering tools designed to detect malicious activity before users approve a transfer.

Industry leaders have also called for stronger wallet security. Former Binance CEO Changpeng Zhao previously wrote on Binance Square that wallets should automatically check whether a receiving address is a poison address and block the user if necessary.

Security Remains a Key Challenge for Crypto Adoption

Crypto scams remain a major issue for the industry. According to blockchain analytics firm Chainalysis, scammers stole a record $17 billion in cryptocurrency in 2025, fueled partly by new fraud techniques and AI-powered impersonation schemes.

Trust Wallet believes improving security tools is essential to protecting users and supporting wider crypto adoption. The company also recently faced its own security incident when its Chrome browser extension was compromised in December 2025, causing several million dollars in losses before the issue was fixed.

The wallet provider says the new protection feature represents another step toward creating safer transaction experiences for everyday crypto users.

CoinLaw’s Takeaway

In my experience covering crypto security stories, address poisoning is one of the most underestimated threats in the industry. The attack looks simple, but the results can be devastating because it exploits a small human mistake rather than a technical vulnerability. I found that many investors still rely on copying wallet addresses from transaction history without double checking the characters.

This new feature from Trust Wallet is a smart step because it protects users before the transaction even happens. If more wallets adopt automatic scam detection like this, it could significantly reduce accidental crypto losses.

The post Trust Wallet Launches Address Poisoning Scam Protection appeared first on CoinLaw.