Zhao urged the blockchain industry to adopt new security measures, including Zhao urged the blockchain industry to adopt new security measures, including

CZ proposes fix to address poisoning after investor loses $50M

Zhao urged the blockchain industry to adopt new security measures, including scam address blacklist, after an investor lost $50 million to an address poisoning scheme.

Binance co-founder Changpeng Zhao proposed additional security measures to “eradicate” address poisoning, including wallet warnings and blacklists of suspicious accounts.

"All wallets should simply check if a receiving address is a 'poison address,' and block the user. This is a blockchain query," Zhao wrote in a Wednesday blog post.

Address poisoning is a form of phishing in which scammers trick victims into sending crypto to illicit wallets by first sending them small transactions. Unsuspecting users often copy and paste the attacker’s address from their wallet history.

Read more

Market Opportunity
Scamcoin Logo
Scamcoin Price(SCAM)
$0.000965
$0.000965$0.000965
+23.24%
USD
Scamcoin (SCAM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.