Ethereum Users Lose $60 Million After Hackers Exploit Address System To Trick Victims
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Hackers abused Ethereum's Create2 feature to predict contract addresses and trick users into sending funds. nearly 100,000 victims lost $60 million.
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Hackers made addresses that resembled intended recipient addresses, tricking users who just checked a few characters.
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Hackers bypassed test transactions by forwarding them to actual addresses, not the fake lookalike ones.
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One victim lost up to $1.6 million from the address poisoning scheme.
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Users should thoroughly check entire addresses before sending funds, not just first and last characters.