Since the digital industry has grown recently, crypto scammers and fraudsters have ramped up their efforts to steal people’s money. With digital assets increasingly becoming a daily part of life, cybercriminals are trying new ways to target victims.

That’s why the cryptocurrency wallet service provider, MetaMask, warns the crypto community about a new type of scam model fraudsters using to take advantage of ‘user carelessness”. 

With the address poisoning technique, cybercriminals track a user’s transactions and generate a “vanity” wallet address that contains similar characters to an actual recipient’s address in the transaction history. Afterward, the fraudsters transfer $ 0 worth of tokens through a newly generated address to poison the transaction history. Bad actors hope users mistakenly copy the hack address instead of the real one in future transactions.   Read more...