Address Poisoning Scams Were December’s Biggest Crypto Threat
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The largest crypto loss in December came from an address poisoning attack, a scam where attackers send small transactions from wallet addresses that closely resemble legitimate ones. These fake addresses often share the same first and last characters, making it easy for victims to mistakenly reuse them from transaction history.
Once funds are sent to the poisoned address, they are effectively unrecoverable. Security experts stress that users should manually verify every character of a wallet address before sending funds, rather than relying on saved addresses or visual similarity.