Two victims lost over $62 million due to address poisoning attacks that resulted in copying incorrect addresses.

SmartContractAuditor · 2026-02-09T04:06:45+00:00

In January, a $12.2 million loss due to incorrect transaction addresses, and in December, a similar attack with total losses exceeding $62 million. Address poisoning attacks are frequent, and phishing incidents have increased to $6.27 million. Ethereum upgrades have lowered transaction costs, encouraging attacks. DAI has become the preferred storage for illegal funds due to governance issues.

SmartContractAuditor

2026-02-09 04:06:45

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Odaily Planet Daily reports that, according to Scam Sniffer monitoring, a single victim in January lost $12.2 million due to copying the wrong address in their transaction history. Additionally, a similar attack involving 500,000 USD worth of tokens occurred in December, bringing the total losses of two victims to over $62 million. Address poisoning attacks involve attackers sending small amounts of tokens from visually similar addresses to trick users into copying the wrong address. Moreover, in January, signature phishing scams stole $6.27 million, a 207% increase month-over-month. Analysts believe that the Ethereum Fusaka upgrade lowered transaction costs, leading to an increase in such attacks. Data from Coin Metrics shows that dust transactions related to stablecoins currently account for about 11% of Ethereum’s total daily transactions. Whitestream states that DAI has become the preferred choice for illegal operators to store funds due to protocol governance not cooperating with authorities to freeze addresses. (Cointelegraph)

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