SShortSingh.
Back to feed

Dormant 2015 Ethereum wallet moves $4.6M, avoids address-poisoning scam

0
·1 views

An Ethereum wallet dating back to the network's 2015 launch became active and transferred $4.6 million. Automated bots detected the movement almost immediately and inserted lookalike addresses into the wallet's transaction history, a tactic known as address poisoning. The owner nonetheless sent the funds to the intended recipient rather than to the impostor address. The episode shows how quickly scammers now react to long-dormant wallets waking up on-chain.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

XRP Ledger outlines quantum-resistant accounts with no added user fees

The XRP Ledger Foundation has designed a way for account holders to attach a quantum-resistant cryptographic key to their accounts. Owners can then disable their original key once the new one is in place. The change is part of a roadmap aimed at completing a full network-wide transition by 2028. Users will not be charged extra fees for the upgrade. The plan addresses growing concern that future quantum computers could threaten today's signature schemes.

0
Crypto & Web3CoinDesk ·

Bitcoin Awaits U.S. CPI Data as Analysts Question Whether Inflation Relief Will Lift Prices

Bitcoin is trading below $75,000 as investors await the October U.S. inflation report. Analysts caution that a durable recovery will likely require improved market liquidity and stronger demand for spot ETFs, rather than short-lived relief from macroeconomic conditions. The warning suggests that a softer inflation reading alone may not be enough to sustain upward momentum for the cryptocurrency.

0
Crypto & Web3CoinDesk ·

Securitize Acquires River One to Expand Into Asset-Backed Finance Market

Tokenization firm Securitize announced an acquisition of River One alongside a $50 million stock buyback. The moves come as the company's quarterly revenue rose 13%. Its shares, which trade under SECZ, climbed 10% in after-hours trading following the announcement. The deal signals Securitize's push into the asset-backed finance market, which is valued at roughly $6 trillion.

Dormant 2015 Ethereum wallet moves $4.6M, avoids address-poisoning scam · ShortSingh