Beware of Address Theft Attacks on EOS Blockchain, Losses Lurk for Users!

Updated
March 20, 2025

Jakarta, Pintu News – EOS blockchain users have recently been subjected to address theft attacks by cybercriminals. The attack involves small transactions being sent to users with fake wallet addresses that closely resemble the real addresses. The aim is to trick users into using the fake address in subsequent transactions.

Introduction to Address Theft Attacks

An address theft attack occurs when criminals create a fake wallet address that is similar to the real address. They send a small amount, such as 0.001 EOS, to the user’s wallet. The intention is for the fake address to appear in the user’s transaction history. When users are not careful, they may accidentally use the fake address for subsequent transactions.

According to blockchain security firm SlowMist, perpetrators are using names similar to well-known trading platforms to deceive users. For example, they use “oktothemoon” to impersonate OKX (real account: “okbtothemoon”) and “binanecleos” to impersonate Binance (real account: “binancecleos”). These small differences in names often go unnoticed by users who don’t check in detail.

Also Read: CryptoQuant CEO Ki Young Ju’s Warning Against Crypto Market End of March 2025

Community Response and Prevention

The crypto community, including AI-based social app AVA, has acknowledged this attack and emphasized the importance of caution. AVA believes that the crypto ecosystem is resilient enough to overcome this challenge, but still reminds users to be vigilant. They advise users to always check wallet addresses carefully before making transactions.

This kind of attack is nothing new in the crypto world. Previously, Binance has also issued a global warning about clipper malware that changes crypto wallet addresses. MetaMask, in January 2023, had also warned its users about a similar attack that has become increasingly popular among crypto scammers.

Impact and Need for Security Measures

This attack shows that there are still many security challenges that the blockchain ecosystem has to face. Address theft attacks rely on users’ negligence in checking addresses carefully. Therefore, it is imperative that users do not rely solely on transaction history when transferring funds.

This incident comes just 24 hours after another major security leak in the crypto space, where BNB Chain’s meme token launch platform, four.meme, suffered a critical exploit. This incident demonstrates the increasing sophistication in blockchain exploits and emphasizes the need for increased security measures across all networks.

Conclusion

This attack on EOS users is an important reminder that security should always be a priority in crypto transactions. Users are advised to always verify wallet addresses before making transactions and to be cautious of unusual transactions, especially those involving new or unknown addresses.

Also Read: When will Chainlink (LINK) reach $24? Check out the prediction! Here’s LINK’s Technical Analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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