Last Updated on April 11, 2023 by Bitfinsider
The blockchain explorer Etherscan has stopped the display of zero-value token transactions on its website by default, according to an April 10 post. Users must now explicitly activate the display from the website’s settings page. Etherscan stated that the change was designed to prevent “address poisoning” attacks that phished and spammed unwary users.
Address poisoning is a sort of cryptocurrency fraud in which an attacker sends a token with little or no value to a user’s address in order to “poison” it. Following that, the transaction is saved in the soft or hard wallet’s history and may be chosen for making transfers. The scam’s goal is to fool the victim into sending bitcoin to the scam address by accident. To do this, hackers employ sophisticated software to generate scam addresses that resemble “poisoned” addresses, with the same few beginning or ending characters.
Nonetheless, the scheme is characterized as phishing. Neither the undesirable coins nor the addresses that receive such tokens may jeopardize the cash of users. Unwanted nonfungible tokens, or NFTs, on the other hand, have the ability to compromise an address through transactions like as shifting it to multiple accounts.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
