01-07-2023, 11:08 PM
Beware of Address Poisoning Scams
<!-- SC_OFF --><div class="md"><p>This just in from the Ledger Live site. A new kind of scam is making the rounds. It's being referred to as Address Poisoning, and here is how it works.</p> <ol> <li>A scammer sends you a small amount of coins to "poison" your transaction history in Ledger Live. (typically USDT, MATIC or TRX) or, in rare cases, an NFT.</li> <li>This transaction gets recorded in your accounts transaction history however the scammers address is very similar to your own.</li> <li>The scammer is now hoping that you will grab this address from your transaction history and send funds to that account by mistake.</li> </ol> <p>Software tools like Profanity can create addresses designed to look like your own Ledger address. Many people only check the first few characters and the last few characters when confirming a transaction while ignoring everything in-between. A smart scammer can create an address that mimics the beginning and the end of a wallet address but has a few changes in-between. This is why it's always important to check the entire address to make sure you are sending to the correct location and now one of these altered addresses. There's no harm in keeping the unsolicited coins, nfts or tokens. Your account has not been hacked. The scammer is simply looking for those 1 or 2 easy marks that may select their address by mistake when making a transaction. So always check your addresses before sending out. Especially if you're drawing from your transaction history.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SmallReflection2552"> /u/SmallReflection2552 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/105ev21/beware_of_address_poisoning_scams/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/105ev21/beware_of_address_poisoning_scams/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>This just in from the Ledger Live site. A new kind of scam is making the rounds. It's being referred to as Address Poisoning, and here is how it works.</p> <ol> <li>A scammer sends you a small amount of coins to "poison" your transaction history in Ledger Live. (typically USDT, MATIC or TRX) or, in rare cases, an NFT.</li> <li>This transaction gets recorded in your accounts transaction history however the scammers address is very similar to your own.</li> <li>The scammer is now hoping that you will grab this address from your transaction history and send funds to that account by mistake.</li> </ol> <p>Software tools like Profanity can create addresses designed to look like your own Ledger address. Many people only check the first few characters and the last few characters when confirming a transaction while ignoring everything in-between. A smart scammer can create an address that mimics the beginning and the end of a wallet address but has a few changes in-between. This is why it's always important to check the entire address to make sure you are sending to the correct location and now one of these altered addresses. There's no harm in keeping the unsolicited coins, nfts or tokens. Your account has not been hacked. The scammer is simply looking for those 1 or 2 easy marks that may select their address by mistake when making a transaction. So always check your addresses before sending out. Especially if you're drawing from your transaction history.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SmallReflection2552"> /u/SmallReflection2552 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/105ev21/beware_of_address_poisoning_scams/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/105ev21/beware_of_address_poisoning_scams/">[comments]</a></span>