Huobi Warns A New Type Of Same-End Address Fraud
According to the official announcement of Huobi, a new method of inducing fraud through transfers has recently appeared in the market, in which the account will have received inexplicable recharges of 0, 0.01, 0.001, etc.
There are 3 steps in the fraud process. Firstly, the scammers find and monitor users who often have large transfers and relatively fixed receiving addresses on the blockchain, followed by an address generator to generate addresses with highly similar addresses. Thirdly, there would be multiple transfers of small amounts to the user’s wallet address, which helps the scammer’s disguised phishing address appear in the user’s transaction records.
The arrival of this fraud is caused by the habit of most people that directly using the transfer records and only looking at the few characters after receiving assets.
Huobi suggests users do not simply paste the previous transaction record address when withdrawing coins but must confirm the address repeatedly, that is, check whether the overall address is correct. Once the withdrawal is completed, the digital assets will be owned by the address of the other party.
Even though the hacker’s technique is very simple, many individuals fall for it. According to the report, more than 370,000 addresses a total of 92 victim addresses had been poisoned as of December 2, which means more than 1.64 million USD had been taken.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Author
Scam Alert
Huobi Warns A New Type Of Same-End Address Fraud
According to the official announcement of Huobi, a new method of inducing fraud through transfers has recently appeared in the market, in which the account will have received inexplicable recharges of 0, 0.01, 0.001, etc.
There are 3 steps in the fraud process. Firstly, the scammers find and monitor users who often have large transfers and relatively fixed receiving addresses on the blockchain, followed by an address generator to generate addresses with highly similar addresses. Thirdly, there would be multiple transfers of small amounts to the user’s wallet address, which helps the scammer’s disguised phishing address appear in the user’s transaction records.
The arrival of this fraud is caused by the habit of most people that directly using the transfer records and only looking at the few characters after receiving assets.
Huobi suggests users do not simply paste the previous transaction record address when withdrawing coins but must confirm the address repeatedly, that is, check whether the overall address is correct. Once the withdrawal is completed, the digital assets will be owned by the address of the other party.
Even though the hacker’s technique is very simple, many individuals fall for it. According to the report, more than 370,000 addresses a total of 92 victim addresses had been poisoned as of December 2, which means more than 1.64 million USD had been taken.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Other Posts
Related Posts
Latest
PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AIÂ
UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment
Press Release
PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AIÂ
Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says
