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Here is a very simple to understand introduction to a new rising crypto attack methods.
Address poisoning: this is also known as address spoofing, its an attack whereby a particular address is imitated by creating a fake new address to look like the particular target address.
This method focuses on copying the beginning (prefix) and ending (suffix) parts of an address.
This attack method tricks crypto users to think they are transacting with original addresses not knowing its an attack address.
Here's a brief example: on the Ethereum blockchain all wallet addresses are 42 characters long and they contain alphabet letters and numbers.
Example of a Ethereum wallet address: 0x71C7656EC7ab88b098defB751B7401B5f6d8976F
Most crypto wallets only show few characters of any particular address. When address poisoning is done to the address above to create a fake spoofed address it'll look something like this:
0x71C7656slmjeu29Ojr0937993772nnskd6d8976F
Many wallets will display the address like this 0x71c7656.......d8976F
You can see the prefix and suffix both changed after the address poisoning, with this spoofed address it'll be much easier to fool and trick many crypto users.
Attackers monitor the blockchain for transactions before some of the methods can be used.
With address poisoning you can perform series of crypto attacks. Address poisoning is used to imitate real addresses.
Everyday, billions of $$$ in crypto are sent and received by millions of crypto users.
1. crypto dusting attacks
2. zero-value transfers attacks
3. Sybil attacks
4. fake token attacks
5. Transaction interference attacks.
6. Crypto Phishing attacks.
Here's a brief explanation of each crypto attack type.
1. Crypto Dust Attacks:
This involve sending tiny amounts of legitimate cryptocurrency to a target.
The idea is to trick users into transferring money to the attacker’s spoofed address rather than the one belonging to the real receiver.
The resemblance between the fake address and the real one is used in this method of address poisoning.
2. Zero-value Transfers Attacks: As the name suggests, these attacks involve sending zero-value transactions to your target wallet.
While these transactions may seem harmless, they serve the sole purpose of populating your transaction history with the scammer’s malicious address, setting the stage for potential future mistakes. Zero-value are possible on Ethereum and EVM blockchains because of the "approve and transferFrom functions".
Most tokens like USDT allow 0 amount to be transferred out from any address, it'll appear on the blockchain alongside your spoofed address.
3. Sybil Attacks:
this attack is mostly used when projects are launching or airdrops are taking place.
This method can be used for much more. Sybil attacks is one where a single node or multiple nodes are used to operate many active fake crypto identities (or spoofed address identities) simultaneously, within a peer-to-peer network. This fake identitues are spoofed addresses from address poisoning.
This type of attack is used to undermine the authority or power in a reputable system by gaining the majority of influence in the network.
With address poisoning multiple addresses can be used for attacks, example is spoofing smart contracts of legitimate projects.
The goal is to trick network participants into believing that each node is a separate participant, when in reality a single attacker controls many of the nodes.
4. Fake Token Attacks:
this includes fake NFT and fake tokens.
This method involve making a fake token of a legitimate cryptocurrency token.
Most people who make fake tokens don't spoof the contract address associated with fake token. With address poisoning its possible to spoof any smart contract address.
This deception can make the transaction appear legitimate at first glance, increasing the chances of users falling for the scam.
5. Transaction Interference Attacks:
this method works best with intrusion into a system or network.
This method means a system/network has malware such as RATs, keyloggers and Trojans in it. Attackers intercept valid cryptocurrency transactions and change the destination address. Funds to be sent for the genuine receiver are diverted by changing the receiver address to the spoofed address under the attacker’s control. This kind of attack frequently involves malware compromising a user’s device or network or both.
6. Crypto Phishing Attacks:
with address poisoning crypto phishing attacks can be highly successful.
Crypto phishing involves building fake phony websites that look exactly like a legitimate crypto business, phishing emails or communications that closely resemble reputable companies like cryptocurrency exchanges or wallet providers. With address poisoning its easier to trick users of different projects.
Heres example of how this works:
Lets use one of the top prominent crypto Defi projects called 1inch.
1inch has more than $500billion USD in transactions, with more than 3.2million liquidity partners and more than 17million users.
1inch has a very famous crypto address which is: 0x111111111117dC0aa78b770fA6A738034120C302
This address is known in the crypto world because of the eleven 1s it has at the prefix.
With address poisoning and website/email phishing its easier to fool people to think you own the legitimate address.
This method can be very successful if planned well.
The crypto market is in a bullish market trend, this type of market is the best opportunity to perform loads of attacks with very high profitable success to be made.
This is possible because of the high volume with the huge traffic of transactions during bullish markets.
This attacks can also be successful in a bearish market with low volume too.
During bullish market many projects launches with lots of airdrops, memecoins explode and go extremely wild with billions of $$ in transactions.
This conditions are juicy for the attacks.
Theres so much more Address poisoning can be used for.
Address poisoning is not limited to the attacks above, it can be used for so much more.
To be able to perform address poisoning and the other attacks you need powerful ready-made tools.
One of such tools is the Pink Crypto Address Poisoning Tool.
You can use this tool for successful hits based on the above methods and much more.
It comes with step by step guidelines and tutorials.
It is a zero-code tool which means even beginners can easily make use of.
Check it out now.
Pink Crypto Tool
To understand much better how to use address poisoning to make serious profits, I'll write another article on the topic of making profits with this address poisoning methods above.
In the meantime you can start address poisoning with the Pink Crypto tool.
Address poisoning: this is also known as address spoofing, its an attack whereby a particular address is imitated by creating a fake new address to look like the particular target address.
This method focuses on copying the beginning (prefix) and ending (suffix) parts of an address.
This attack method tricks crypto users to think they are transacting with original addresses not knowing its an attack address.
Here's a brief example: on the Ethereum blockchain all wallet addresses are 42 characters long and they contain alphabet letters and numbers.
Example of a Ethereum wallet address: 0x71C7656EC7ab88b098defB751B7401B5f6d8976F
Most crypto wallets only show few characters of any particular address. When address poisoning is done to the address above to create a fake spoofed address it'll look something like this:
0x71C7656slmjeu29Ojr0937993772nnskd6d8976F
Many wallets will display the address like this 0x71c7656.......d8976F
You can see the prefix and suffix both changed after the address poisoning, with this spoofed address it'll be much easier to fool and trick many crypto users.
Attackers monitor the blockchain for transactions before some of the methods can be used.
With address poisoning you can perform series of crypto attacks. Address poisoning is used to imitate real addresses.
Everyday, billions of $$$ in crypto are sent and received by millions of crypto users.
1. crypto dusting attacks
2. zero-value transfers attacks
3. Sybil attacks
4. fake token attacks
5. Transaction interference attacks.
6. Crypto Phishing attacks.
Here's a brief explanation of each crypto attack type.
1. Crypto Dust Attacks:
This involve sending tiny amounts of legitimate cryptocurrency to a target.
The idea is to trick users into transferring money to the attacker’s spoofed address rather than the one belonging to the real receiver.
The resemblance between the fake address and the real one is used in this method of address poisoning.
2. Zero-value Transfers Attacks: As the name suggests, these attacks involve sending zero-value transactions to your target wallet.
While these transactions may seem harmless, they serve the sole purpose of populating your transaction history with the scammer’s malicious address, setting the stage for potential future mistakes. Zero-value are possible on Ethereum and EVM blockchains because of the "approve and transferFrom functions".
Most tokens like USDT allow 0 amount to be transferred out from any address, it'll appear on the blockchain alongside your spoofed address.
3. Sybil Attacks:
this attack is mostly used when projects are launching or airdrops are taking place.
This method can be used for much more. Sybil attacks is one where a single node or multiple nodes are used to operate many active fake crypto identities (or spoofed address identities) simultaneously, within a peer-to-peer network. This fake identitues are spoofed addresses from address poisoning.
This type of attack is used to undermine the authority or power in a reputable system by gaining the majority of influence in the network.
With address poisoning multiple addresses can be used for attacks, example is spoofing smart contracts of legitimate projects.
The goal is to trick network participants into believing that each node is a separate participant, when in reality a single attacker controls many of the nodes.
4. Fake Token Attacks:
this includes fake NFT and fake tokens.
This method involve making a fake token of a legitimate cryptocurrency token.
Most people who make fake tokens don't spoof the contract address associated with fake token. With address poisoning its possible to spoof any smart contract address.
This deception can make the transaction appear legitimate at first glance, increasing the chances of users falling for the scam.
5. Transaction Interference Attacks:
this method works best with intrusion into a system or network.
This method means a system/network has malware such as RATs, keyloggers and Trojans in it. Attackers intercept valid cryptocurrency transactions and change the destination address. Funds to be sent for the genuine receiver are diverted by changing the receiver address to the spoofed address under the attacker’s control. This kind of attack frequently involves malware compromising a user’s device or network or both.
6. Crypto Phishing Attacks:
with address poisoning crypto phishing attacks can be highly successful.
Crypto phishing involves building fake phony websites that look exactly like a legitimate crypto business, phishing emails or communications that closely resemble reputable companies like cryptocurrency exchanges or wallet providers. With address poisoning its easier to trick users of different projects.
Heres example of how this works:
Lets use one of the top prominent crypto Defi projects called 1inch.
1inch has more than $500billion USD in transactions, with more than 3.2million liquidity partners and more than 17million users.
1inch has a very famous crypto address which is: 0x111111111117dC0aa78b770fA6A738034120C302
This address is known in the crypto world because of the eleven 1s it has at the prefix.
With address poisoning and website/email phishing its easier to fool people to think you own the legitimate address.
This method can be very successful if planned well.
The crypto market is in a bullish market trend, this type of market is the best opportunity to perform loads of attacks with very high profitable success to be made.
This is possible because of the high volume with the huge traffic of transactions during bullish markets.
This attacks can also be successful in a bearish market with low volume too.
During bullish market many projects launches with lots of airdrops, memecoins explode and go extremely wild with billions of $$ in transactions.
This conditions are juicy for the attacks.
Theres so much more Address poisoning can be used for.
Address poisoning is not limited to the attacks above, it can be used for so much more.
To be able to perform address poisoning and the other attacks you need powerful ready-made tools.
One of such tools is the Pink Crypto Address Poisoning Tool.
You can use this tool for successful hits based on the above methods and much more.
It comes with step by step guidelines and tutorials.
It is a zero-code tool which means even beginners can easily make use of.
Check it out now.
Pink Crypto Tool
To understand much better how to use address poisoning to make serious profits, I'll write another article on the topic of making profits with this address poisoning methods above.
In the meantime you can start address poisoning with the Pink Crypto tool.