Metamask Wallet Users Are Advised to Avoid Copying and Pasting Addresses
The crypto wallet app support team has advised Metamask wallet users to avoid the practice of copying and pasting wallet addresses. Metamask users should instead "develop a habit of thoroughly checking every single character of an address" before confirming a transaction. It will prevent users from becoming victims of an address poisoning attack.
Users Warned of Address Poisoning Attack
Metamask
crypto wallet users should be wary of a new tactical ploy by scammers known as
the address poisoning attack. The developers of the software cryptocurrency
wallet have warned users to be cautious and avoid "carelessness and haste
above all else." The Metamask team added that while the method of attack
may seem harmless, "it can just as easily result in a loss of funds."
The
January 11 statement explains how
scammers use the new tactical ploy to steal from unsuspecting users. The
Metamask Support team said cybercriminals and scammers often exploit common
behaviors among crypto users, such as the copying and pasting of wallet
addresses. Although this ensures that funds are sent to the correct address,
the team warned that scammers are aware that many users are unwilling to
memorize their wallet addresses. The statement said:
"Since
they’re so long, crypto wallet addresses are typically shortened. You might see
the first lot of characters only, or sometimes you may see the initial 5–10
characters and the final 5–10 characters, skipping the middle. This is how most
people recognize addresses—not by knowing every single character but by
becoming familiar with the start and finish. This is the tendency that address
poisoning preys on."
Users Must Check Every Single Character in a Wallet Address
The
Metamask Support team explained that scammers often initiate a poisoning attack
by sending a negligible amount to a dummy wallet address that closely matches
that of a Metamask wallet user. The scammer then waits, hoping the targeted user
will "inadvertently copy their address from transaction history and paste
it elsewhere."
Since
transactions are said to be immutable or irreversible, when funds are sent to
an incorrect address, they are lost forever. Therefore, wallet users need to take
all precautions, including "checking every single character." The
Metamask Support team said wallet users must try to end the practice of copying
addresses from their transaction history.
Instead,
wallet users should "develop a habit of thoroughly checking every single
character of an address before you send a transaction."
What
is your take on the crypto wallet address poisoning attack? Please post your
comments.
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