Ethereum txs reaching ATH due to address poisoning attacks.
Every time the gas limit is raised and tx fees go down, it costs less to 'dust' a wallet.
For example, after Fusaka, sub-$0.01 dust txs increased by 600%.
Etherscan reported that Ethereum address poisoning succeeds about 0.01% of the time: 1 in 10,000 transfers tricks a user into sending funds to an attacker.
Actually, Ethereum might benefit from RAISING fees as they it makes address poisoning attacks more expensive and it burns more $ETH.
twitter.com/DefiIgnas/status/2...

This is a real issue from the security point of view. I think the easiest way to fight it back is having bot explorers (Etherscan, Arbiscan, etc) and wallets (Rabby, Ledger, Metamask) implement features to detect and hide these transactions. More than 99% of them can be detected VERY easily.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share





