Major crypto exchange Binance has warned users about the address poisoning scam. This technique involves fraudsters sending tiny transactions from fake addresses that match the first and last characters of addresses victims typically use. Scammers target wallets with recurring transaction history and exploit the way wallets display shortened addresses. Once funds are sent to a poisoned address, they are usually unrecoverable because blockchain transactions are irreversible. To protect themselves, users should always verify complete addresses before sending and perform small test transfers first.
Source: Read the original article
