Etherscan, the most popular #blockchain explorer for Ethereum, recently announced adjustments to its platform that by default conceal zero-value token exchanges. This follows allegations of widespread "address poisoning" assaults that have targeted unsuspecting individuals for phishing and spam. Users must now manually activate the display by visiting the settings page of the #Etherscan website in order to view such tokens.
Coin Aquarium has tweeted about this earlier.
What Causes Address Poisoning?
An example of a phishing scam is address poisoning, which preys on people who have acquired unwanted tokens and who do not thoroughly check their addresses before transferring bitcoin. An attacker will send a worthless token with a value close to zero or no value at all to the address of a user in order to "poison" that user's token. The transaction will then be recorded in the crypto wallet's history and made available for selection the next time a transfer is conducted.
The con's objective is to trick the user into unintentionally sending #cryptocurrency to the con's related address. Hackers create fake wallet addresses using sophisticated software that, at first appearance, resemble "poisoned" ones. According to reports, these fake addresses all start or conclude with the same few characters.
Zero-Value Tokens Disabled By Etherscan
In order to combat such attacks, Etherscan has disabled the visibility of zero-value token transfers. This way attackers fail to gain access, while users are prevented from sending tokens to such poisoned addresses. However, users are free to check their zero-value balances at any time just by disabling the feature in the site’s settings.
The cryptocurrency community has stated its approval of the recently adopted modification in light of this latest #crypto news, and they are asking for additional block explorers to carry out the same role. Similar to this, blockchain hardware wallet manufacturer Ledger advises customers to immediately hide any undesired NFT collections they get.
This news is republished from https://coinaquarium.io/