# EthereumWarnsonAddressPoisoning

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The Ethereum community has urged wallets to stop truncating addresses after a $50M USDT phishing incident linked to lookalike addresses. Do you always verify full addresses? How can such incidents be prevented?

$12.3M Ethereum Theft Exposes Address Poisoning Risks
A recent security incident has brought renewed attention to one of the most deceptive threats facing cryptocurrency users: the $12.3 million Ethereum theft through a sophisticated address poisoning scheme. According to security analysts at Cyvers Alerts, the targeted user attempted to send funds to
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Scam Sniffer: In January of this year, a victim lost $12.2 million due to copying the wrong address
In January, a victim lost $12.2 million due to a copied incorrect address, bringing the total loss to over $62 million when combined with the $50 million lost in December of last year. At the same time, the number of victims of signature phishing attacks has also increased, with losses of $6.27 million. Security experts recommend users verify addresses to prevent attacks.
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