MetaMask has warned crypto users of a new type of scam known as address poisoning, here scammers use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address.
Digital wallet service MetaMask issued a warning to customers about a fraud known as “address poisoning,” in which criminals “poison” users’ transaction records by transferring tokens with no value to their wallets.
The first and final characters of the wallet address of their victim will be matched by the con artists, who will utilize wallet addresses created by vanity address generators. Inadvertent consumers are hoped to transfer their money to the incorrect imitation address by doing this.
Even if the endeavor would prevent the hackers from accessing user wallets, those who may have developed the habit of copying their wallet address from the transaction history before transmitting digital asset balances might possibly send their money to replica addresses.
The wallet operator advised users to always exercise caution and to confirm all transactions before transmitting their holdings. The company emphasized that in order to ensure that the money is transmitted to the right wallet, it is important to carefully review each character of the wallet address.
In addition, the company advised customers to transmit digital assets using their address book rather than copying wallet addresses from their transaction history.
