Safe

<p class="is-style-lead">Dozens of Safe Wallet users have lost millions worth of crypto due to a recent wave of address poisoning attacks.</p>
<p>In <a href="https://x.com/realScamSniffer/status/1731236292166590507?s=20" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Sunday, Dec. 3, 2023 analysts at Scam Sniffer said that an unknown scammer stole more than $2 million worth of crypto from 10 <a href="http://crypto.news/tag/safewallet" target="_blank" rel="noopener noreferrer nofollow">Safe Wallet</a>-based entities in just one week using the so-called “address poisoning” attack, a scam where bad actors are spamming the transaction history page with similar operations a bid to trick victims into sending funds to the scammer’s address.</p>
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   <p lang="en" dir="ltr">about ~10 Safe wallets have lost $2.05 million to "address poisoning" attacks in the past week.<br><br>the same attacker has stolen $5 million from ~21 victims in the past four months so far. <a href="https://t.co/fu4kxaI3py" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fu4kxaI3py</a></p>— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1731236292166590507?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2023</a>
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<p>As per Scam Sniffer, the same attacker has succeeded in their efforts, stealing a total of $5 million worth of crypto from 21 victims in the past four months. As of press time, the Safe Wallet team made no public statements on the matter.</p>
<p>You might also like: <a href="https://crypto.news/scam-crypto-malware-inferno-drainer-decides-to-move-on-after-stealing-80m/" rel="noopener noreferrer nofollow"> Scam crypto malware Inferno Drainer decides ‘to move on’ after stealing $80m </a></p>
<p>Address poisoning has become quite a popular attack among con artists in early 2023, when MetaMask <a href="https://crypto.news/metamask-alerts-users-to-new-address-poisoning-scam/" target="_blank" rel="noopener noreferrer nofollow">warned</a> users about the new scam method. According to MetaMask’s analysts, scammers are using on-chain tracers that monitor transfers of certain tokens to detect wealthy investors. Once they find a victim, they are using a “vanity” address generator, a JavaScript-based script used to generate an address that closely matches the victim’s address.</p>
<p>In late November 2023, analysts at a blockchain forensic firm PeckShield <a href="https://x.com/PeckShieldAlert/status/1730045158509727968?s=20" target="_blank" rel="noopener noreferrer nofollow">revealed</a> in an X post that Florence Finance fell victim to an address poisoning scam, resulting in a loss of $1.45 million in USDC. It is unclear if that incident is related to the recent scam activity aimed at Safe Wallet users.</p>
<p>Read more: <a href="https://crypto.news/electric-capital-co-founder-warns-scammers-impersonate-vc-firms-ask-money-before-investing/" rel="noopener noreferrer nofollow"> Electric Capital co-founder warns scammers impersonate VC firms, ask money before investing </a></p>

Address poisoning attacks hit Safe Wallet users, losses exceed $5m

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