In December and January alone, two copy-and paste actions erased more than $62,000,000 in cryptocurrency. This shows how Ethereum’s wallet practices are one of its biggest security threats.
The following is a summary of the information that you will find on this page.
- After copying fake wallet addresses, two victims lost over $62M.
- In January, signature phishing also rose sharply.
- The low cost of large scale scams has made them cheaper.
ScamSniffer reported in a post made on X, on February 8, that a victim lost around $50 million in 2025 because they had sent money to a false address copied directly from the history of transactions. A user in January 2026 lost about $12.25m, or 4,556ETH, by making the same error.
“Two victims. $62M gone,” This is what the company wrote.
The following are some of the ways to get in touch with each other incidents Following the same pattern. The same pattern was followed.
It is now easier to address poisoning
To combat poisoning, exploit the ways in which users use their wallets.
Attackers generate vanity email addresses, which look similar to real emails, and then send out tiny messages. “dust” Transfers to possible targets. This low number of transactions places the fake address in transaction histories.
The scammer receives money when the user copies an old address without verifying it.
Since Ethereum’s launch, security companies say that this type of attack has increased rapidly.ETHFusaka’s upgrade to late 2025 will lower transaction fees. Was once costly to scale up, is now cheap and efficient.
Blockchain security experts claim that millions of transactions involving dust are sent every day. Most are intended to be used as a preparation for future thefts.
These activities have also distorted network data. The rise of the network transaction The number of active wallets is increasingly a mix between spam and genuine use, which makes it more difficult to differentiate real demand.
Recent investigations link organized groups to campaigns that poison addresses by recycling the same infrastructure in thousands of wallets.
As losses rise, signature phishing is a growing concern
ScamSniffer reported a rise in phishing based on signatures, along with address poisoning in January.
The company reported losses of $6.27 millions across 4741 victims for the entire month. That’s a value increase by 207% compared to December. Around 65% was caused by just two wallets.
In the largest thefts of SLVon, XAUt and aEthLBTC tokens using malicious increaseAllowance and permit approvals.
The attacks are based on the use of deceptive transactions that seem routine. Scammers can use tokens for a long time after users have signed them.
These schemes are effective, say security analysts, because they aim to exploit habits that traders develop in their daily trading and not the technical flaws of protocols.
“Most victims are not careless,” One researcher told a friend in confidence: “They are doing what they’ve done hundreds of times before.”
ScamSniffer has urged its users, as have other firms, to not copy the addresses of transactions, but instead verify them manually. They also recommend that you use your saved contacts whenever possible.
Address poisoning and signature fraud are expected to persist as the transaction cost remains low, and automation increases. threats. Basic operational errors will continue to produce large losses until better tools and practices are adopted.
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Source: crypto.news
