The EOS blockchain is facing an active address-poisoning scam.
Security firm SlowMist warned EOS users to avoid copying addresses from their transaction history to prevent falling victim to the scam.
Address poisoning is a longstanding tactic in crypto fraud, relying on mimicked addresses to deceive users.
The EOS blockchain is under attack from scammers deploying an address poisoning scheme, a tactic designed to deceive users into transferring funds to fraudulent addresses.
The attackers are actively sending small amounts of EOS tokens to random wallet addresses, exploiting user habits to gain control over transactions.
Security analytics firm SlowMist has issued a warning to EOS users, highlighting the rising cases of address poisoning attacks on the blockchain.
According to SlowMist, the scammers create fraudulent accounts with names closely resembling those of major trading platforms.
Examples include “binanecleos” impersonating Binance’s official EOS address “binancecleos,” and “oktothemoon” mimicking OKX’s legitimate “okbtothemoon.”
EOS blockchain faces address poisoning scam. Source: Slowmist
These attackers send minuscule EOS transactions—often 0.001 EOS—to users, embedding deceptive messages designed to lure them into returning a significantly larger sum.
Address Poisoning: A Classic Scam Tactic
Address poisoning is one of the oldest crypto scams, similar to phishing attacks and two-factor authentication (2FA) exploits.
The technique involves scammers analyzing a victim’s transaction history to identify frequently used wallet addresses.
They then generate new addresses that closely resemble legitimate ones, inserting them into a user’s transaction records through small, seemingly harmless transfers.
Many users rely on their transaction history to copy and paste addresses when making transfers, making them particularly vulnerable.
The slight variations in the poisoned address often go unnoticed, leading victims to mistakenly send funds to the scammer instead of the intended recipient.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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