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.
Crypto vanity addresses are created via a generator. It allows a user to create an address containing simila
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