#Write2Earn

Can you identify a poisoned wallet public address?
-If not, you are vulnerable to address poisoning attacks like this crypto user who lost $5,000 worth of crypto assets.

It is really simple to avoid an address poisoning attack if you understand this type of attack and what to look for.
-Otherwise, ignorance will put your hard-earned crypto assets at risk.

Example Of A Real Address Poisoning Attack
A crypto user wanted to move 5,000 USD worth of cryptocurrency from his Ledger wallet to his Binance wallet.

He copied what he thought was his Binance wallet public address into the Ledger 'Recipient Address' field and proceeded with the next steps.

Unfortunately, he had copied a poisoned wallet public address instead, and those 5,000 USD worth of crypto were sent to the hacker.

Post by u/ImThour.
Published at Reddit.

ImThour has kindly agreed to let us share his story so others can learn from it and take steps to prevent it from happening to others. We thank him for his generosity.

We all make mistakes out of a lack of knowledge or awareness.

But never give up; we learn from them and keep moving forward.

Or, we can learn from the mistakes of others who are kind enough to share their experiences, helping us to avoid similar pitfalls.

How Does Address Poisoning Work
The attacker initiates the address poisoning attack by sending a small amount of cryptocurrency to your wallet.

The intention behind this move is to "poison" your transaction history. As a result, the transaction becomes recorded in your account's history.

This scam is particularly deceptive because the scammer's wallet address looks similar to yours.

Note the similarity between ImThour's wallet public address and the hacker's wallet public address:

ImThour's Binance wallet address: 0xdd1b7ce698d0d58cd521a9c186e6a95cf043614cHacker's wallet address: 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c

The scammer hopes you might inadvertently select their address when you make a transaction, believing it to be yours.

This trick is designed to prompt you into sending funds to the scammer's address by mistake.

It relies on the fact that individuals often pay attention only to an address's first and last characters while overlooking the characters in between.

We very much doubt that such an attack would work nowadays because there is no opportunity to copy a poisoned address. This is what the Binance "deposit' process looks like nowadays.

But, in a hot wallet, you may fall victim to an address poisoning attack by copying the address from a past 'recipient address' transaction and using it as a 'recipient address' for a new transaction.

You may be asking yourself:

How can the hacker create wallet public addresses with the same start and finish characters as the victim's address?

Addresses with specific prefixes and suffixes can be created using vanity address generators. For example, as its name suggests, the Ethereum vanity address generator page can be used to generate Ethereum vanity addresses.
And the same sort of generators are available to generate vanity addresses for other blockchains. E.g., Bitcoin vanity address generator.

What Can You Do To Prevent Falling Victim For An Address Poisoning Attack
It is simple:

Verify the whole public address every single time you make a transaction.

It is common to try to save time by only verifying the first and last characters instead of verifying the whole string.

But this is a very bad practice because you already know that this is not sufficient:

ImThour's Binance wallet address: 0xdd1b7ce698d0d58cd521a9c186e6a95cf043614cHacker's wallet address: 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c

By verifying the full wallet's public address, you can identify and prevent the following:

Address poisoning attacksClipboard hijacks

___________________________________________________________________

Knowledge and awareness will protect your crypto assets from hacks, scams, and accidents.

If you are still learning about cryptocurrency wallets, addresses, keys, and seed phrases, the following articles contain the knowledge you are looking for:

Wallet Public Address: The Unique Identifier to Safe Transactions
The Importance Of Crypto Public Key For Cryptocurrency Security
Crypto Private Key: Manage and Protect Your Digital Wealth
Seed Phrase: Why It Is Important to Safeguard It?
The Role Of The Derivation Path For Wallet Recovery

___________________________________________________________________

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We hope this 5 minutes read was worth the time and that you have learned some valuable information.

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#scam #dyor #CryptoAnalysis #CryptoNews🔒📰🚫

#Write2Earn

This idea was regularly suggested by users to themselves recently after projects adopted the retrodrop meta from Arbitrum and started to enter the market with some number of (conditionally) free tokens, and the idea of "merge Celestia at 2 and here's why..." turned into fomo from premature token sales.
So an interesting task was to look for potential patterns of price dynamics from the moment the giveaway was announced - which can be tracked by trades on popular OTCs, and over time after listing on exchanges.
I propose to start with dry figures of the most classic representatives of the exit with retrodrop, which go in the following format:
project - closing price of an hour candle (1h after the start of trading) - closing price of a daily candle in a week - closing price of a daily candle in a month - price now | average price on the OTC before listing (OTC - not traded on the OTC, OTC - OTC in telegram, kOTC - KuCoin premarket)
2020
Uniswap 1h 3.03 7D 4.4 1M 3.05 N 6.07 | OTC
1inch 1h 2.58 7D 1.36 1M 2.35 N 0.4 | OTC

2021
DYDX 1h 13.5 7D 11.6 1M 21.8 N 2.75 | OTC 3.74
ENS 1h 57.66 7D 48.17 1M 42.16 N 19.19 | OTC
Biconomy 1h 6.49 7D 4.10 1M 3.66 N 0.35 | OTC 1.08
2022
Optimism 1h 1.6 7D 1.1 1M 0.53 N 3.1 | OTC 1.24
Aptos 1h 8.49 7D 8.78 1M 4.62 N 9.28 | OTC 3.6
Hashflow 1h 1.32 7D 0.63 1M 0.48 N 0.32 | OTC 0.96
2023
Blur 1h 0.59 7D 1.24 1M 0.66 N 0.61 | OTC
Arbitrum 1h 1.33 7D 1.34 1M 1.34 N 1.85 | OTC 1.05
SpaceID 1h 0.44 7D 0.46 1M 0.75 N 0.28 | OTC
Maverick 1h 0.57 7D 0.5 1M 0.3 N 0.59 | OTC
Arkham 1h 0.75 7D 0.53 1M 0.4 N 0.53 | OTC 0.209
Connext 1h 0.085 7D 0.059 1M 0.036 N 0.3 | OTC 0.14
Celestia 1h 2.42 7D 2.36 1M 7.09 N 17.8 | OTC 1.35, kOTC 1.95
Meme 1h 0.02 7D 0.0194 1M 0.03 N 0.23 | OTC 0.019
Pyth 1h 0.32 7D 0.34 1M 0.34 N 0.4 | kOTC 0.23
2024
Manta 1h 2.30 7D 3.24 N 3.74 | OTC 2.18, kOTC 2.45
AltLayer 1h 0.31 7D 0.43 | OTC 0.19.
What conclusions can be drawn:
OTC stage: there is a clear division of pricing into two periods, 2020-2022 and 2023-2024, where in the first period the OTC buyer always consistently (5/5) "won" the deal by a huge margin (1.3-6x) due to underpricing of the project by the OTC receiver.
In the second (2023-2024) period, which was kick-started by Arbitrum and brought huge masses of people, the point of selling their received tokens on the OTS is practically lost - pricing in 6/8 cases is on the side of the OTS buyer/those who did NOT sell their tokens on the OTS, but at the same time the profit percentage for the OTS buyer has decreased multiple times.
Important! for those who want to buy back OTC - the price is the average of all sales and experience is needed to understand when the most profitable price is and which project to buy back.
Stage of market trading: there is no general regularity, pricing directly depends on the market condition at the moment of release, as well as what phase will be in the next six months. at the same time, the hold of the released project at the moment of growing market (see attached chart) (Connext-AltLayer) was justified 6/6 times. projects released in flat market (Arbitrum-Arkham) currently cost more than the first hour candle 2/4 times.
At the same time, holding a project for more than one whole cycle (UniSwap-Optimism) makes almost no sense if you have not studied the project fundamentally, because of the statistics in 2/5 and a long time period, which presses mentally.
Conclusion
First of all, in the question of fixing funds you should be guided by your own beliefs, analysis of the project and your financial and psychological state. The general recommendation is to fix with a ladder in case of a rising market and to fix completely if you think that the market is overheated.
It is also worth keeping in mind that after Arbitrum there are drops, which a large number of people did not do purposefully, like LayerZero or StarkNet, so at the start the price may be lower than expected due to pressure and in the future it will not give too much growth (note Arbitrum).
Celestia's intense growth phenomenon is an exception and it is mathematically impossible to expect it.
And remember that perfect exit points exist only in the past tense.

#crypto2024 #dyor #BinanceWish #CryptoNews

$ARB $TIA $MANTA

Within the first 24 hours of the #NFT sale dedicated to a microwaved cryptocurrency smartphone, Solana #Saga , buyers paid $26,213. The head of the NFT platform Z.land, known under the pseudonym Bangerz, placed her Saga phone into a working microwave, resulting in its expected malfunction. When she removed the device, smoke emanated, the screen bubbled, and a hot liquid started leaking from the case.
In commemoration of the successfully destroyed phone, Bangerz released a collection of NFTs named SAGA MICROWAVE, consisting of 3,234 identical tokens. She distributed the tokens for free to Z.land users and later savvy digital asset owners listed them for sale on the Tensor market.
In the past 24 hours, platform users purchased 2,757 tokens from the SAGA MICROWAVE series, paying a total of 385 Solana (SOL), equivalent to $26,213 at the current exchange rate. While the maximum price for the NFTs reached $25 initially, the tokens quickly depreciated, and they are currently being sold for as low as 0.11 SOL ($10.3).

#SolanaTrade
$SOL $BNB $XAI