The Ethereum Community Foundation calls for the cessation of the practice of truncating addresses with ellipses to prevent the risk of "address poisoning".
On December 21, in response to the “50 million USDT phishing attack” incident, the Ethereum Community Foundation issued a statement on the X platform, calling for an end to the practice of truncating addresses with ellipses (for example, 0xbaf4b1aF…B6495F8b5). Address information needs to be displayed in full, as hiding the middle part of the address can create unnecessary risks. Currently, some UI options provided by certain wallets and blockchain explorers also have security issues, which can actually be resolved. Previously reported, the phisher generated an address with the same first and last 3 digits and transferred 0.005 USDT to the victim's address. Then, when the whale officially transferred, it may have directly copied the address from the recent transaction records, and thus the 50 million USDT was entirely transferred to the similar address generated by the phisher. The phisher quickly exchanged the 50 million USDT for DAI ( to prevent it from being frozen ), and then converted it all into 16,624 ETH. Subsequently, all these ETH were laundered through Tornado.
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The Ethereum Community Foundation calls for the cessation of the practice of truncating addresses with ellipses to prevent the risk of "address poisoning".
On December 21, in response to the “50 million USDT phishing attack” incident, the Ethereum Community Foundation issued a statement on the X platform, calling for an end to the practice of truncating addresses with ellipses (for example, 0xbaf4b1aF…B6495F8b5). Address information needs to be displayed in full, as hiding the middle part of the address can create unnecessary risks. Currently, some UI options provided by certain wallets and blockchain explorers also have security issues, which can actually be resolved. Previously reported, the phisher generated an address with the same first and last 3 digits and transferred 0.005 USDT to the victim's address. Then, when the whale officially transferred, it may have directly copied the address from the recent transaction records, and thus the 50 million USDT was entirely transferred to the similar address generated by the phisher. The phisher quickly exchanged the 50 million USDT for DAI ( to prevent it from being frozen ), and then converted it all into 16,624 ETH. Subsequently, all these ETH were laundered through Tornado.