Safe

<div class="cryptonews">
 <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 an X post on Sunday, Dec. 3, 2023 analysts at Scam Sniffer said that an unknown scammer stole more than $2 million worth of crypto from 10 Safe Wallet-based entities in just one week using the so-called “address <a rel="noopener noreferrer nofollow" title="poisoning" href="https://thebittimes.com/tag/poisoning.html">poisoning</a>” <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>, 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. pic.twitter.com/fu4kxaI3py</p>— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 3, 2023
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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>
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 <p>Address <a rel="noopener noreferrer nofollow" title="poisoning" href="https://thebittimes.com/tag/poisoning.html">poisoning</a> has become quite a popular <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> among con artists in early 2023, when MetaMask warned <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> 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 revealed 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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/address-poisoning-attacks-hit-safe-wallet-users-losses-exceed-5m-tbt72487.html">https://thebittimes.com/address-poisoning-attacks-hit-safe-wallet-users-losses-exceed-5m-tbt72487.html</a></p>

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

TheBitTimes

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