Etherscan Adds New Security Feature To Counter Address Poisoning Attacks
- Address poisoning may affect people who have acquired unwanted tokens.
- To “poison” a user’s token, an attacker would send a token with a value around 0 or zero.
Etherscan, one of the most popular Ethereum blockchain explorer, has recently implemented modifications that make it the default to conceal transfers of tokens with zero value.
This follows claims of widespread “address poisoning” assaults, which have been used to phish and spam individuals who weren’t expecting it. With this change, users will need to enable the display from the Etherscan settings page in order to see these tokens.
One kind of phishing is known as “address poisoning,” and it may affect people who have acquired unwanted tokens but don’t double-check their addresses before sending cryptocurrency.
To “poison” a user’s token, an attacker would send a token with a value around 0 or zero to the user’s address. After that’s done, the transfer will be recorded in the crypto wallet’s log and maybe reselected the next time funds are being moved around.
Zero-value Tokens Hidden
The con’s intended target receives crypto sent mistakenly to a connected address. Forged wallet addresses that seem almost similar to “poisoned” ones are generated by sophisticated software used by hackers. It has been claimed that the first few characters or last few characters of these bogus addresses are identical.
Etherscan has made zero-value token transfers invisible as a security measure against such attacks. Users are protected from transmitting tokens to potentially compromised addresses, and attackers are unable to acquire access.
Users may, however, access their zero-value balances at any moment by turning off the security feature. The cryptocurrency community has spoken out in favor of the latest update and is calling for other block explorers to incorporate the same capabilities.
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Read more: https://thenewscrypto.com/etherscan-adds-new-security-feature-to-counter-address-poisoning-attacks/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
