EddieJayonCrypto
19 Mar 25
The EOS blockchain is currently experiencing an address-poisoning attack, where malicious actors send small transactions with fake wallet addresses to trick users into making transactions to fraudulent addresses. Various security firms and blockchain-focused accounts have warned users about these at...
The EOS blockchain is currently under attack by malicious actors employing an address-poisoning scheme. In an address poisoning attack, exploiters create and send small transactions (often with negligible amounts like 0.001 tokens) using fake wallet addresses that closely resemble legitimate ones. The goal is to trick users into mistakenly copying and pasting the fraudulent address when making future transactions.
Blockchain security firm SlowMist revealed that attackers are sending users small transactions of 0.001 EOS to trick them into sending funds to fraudulent addresses. According to SlowMist, the attackers create accounts that closely resemble those of legitimate trading platforms. Specifically, “oktothemoon” to impersonate OKX exchange (real account: “okbtothemoon”) and “binanecleos” to impersonate Binance exchange (real account: “binancecleos”). These subtle alterations can easily mislead users who fail to scrutinize the transaction details closely.
Meanwhile, this incident comes barely 24 hours after another major security breach in the crypto space. BNB Chain’s meme token launchpad, four.meme, suffered a critical exploit, leading to significant financial losses. The back-to-back security incidents reflect the growing sophistication of blockchain exploits. This incident also highlights the urgent need for enhanced security measures across all networks.
Additionally, the EOS price has surged by nearly 32% over the last 24 hours, despite the ongoing security concerns in the blockchain ecosystem. BeInCrypto data shows that the EOS price was trading at $0.65 as of this writing.