A study conducted at Carnegie Mellon University by Taro Tsuchiya and Nicolas Christin measured address poisoning attacks over two years, in which scammers plant lookalike addresses in transaction histories. The study, presented at USENIX Security 2025, counted 270 million attempts targeting 17 million victims, with at least $83.8 million lost. The article then compares payment methods by type of online casino: state-licensed casinos like Michigan’s require no crypto wallet, sweepstakes sites need no wallet to start, while crypto-only sites require either a self-custody wallet or an exchange-hosted wallet. The choice ultimately depends on how much protection a player is willing to give up, as licensed casinos maintain a banking intermediary between the player and any mistake.
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