Rise of Address Poisoning Scams: Victims Trick into Sending $1.2M to Scammers_Amazon Finance

Rise of Address Poisoning Scams: Victims Trick into Sending $1.2M to Scammers

2025-03-20 09:37:13 Primitive Reading

　Address poisoning scams have resulted in victims willingly sending over $1.2 million to scammers, highlighting the increase in cryptocurrency phishing attacks. These scams involve tricking victims into sending digital assets to fraudulent addresses owned by scammers. Pig butchering schemes on Ethereum have cost the crypto industry over $1.2 million in just under three weeks. The rise in these scams is attributed to the lack of pre-transaction security measures and the growing sophistication of attackers. Phishing scams, including pig butchering schemes, are a significant threat to the crypto industry, with victims losing large amounts of their net worth.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

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