Address poisoning attacks in crypto occur when attackers deceive users into sending funds to addresses that closely resemble legitimate ones, ultimately leading to significant financial losses. These attacks exploit human error, mainly through methods such as phishing, transaction interception, address reuse exploitation, and smart contract manipulations. Notably, over $83 million has been lost to these schemes, involving both individual users and DeFi platforms. The consequences can be severe, including theft, disrupted operations, and decreased trust in blockchain technology. To protect against these attacks, users are encouraged to rotate wallet addresses, utilize hardware wallets, exercise caution with public address sharing, and implement security measures like whitelisting and multisig wallets. Staying updated with software security patches and using blockchain analytics tools can further mitigate risks. Address poisoning attacks underscore the importance of security awareness within the cryptocurrency ecosystem.

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