Ethereum Faces Surge in Address Poisoning Attacks Amid Lower Gas Fees

Ethereum has recently experienced a significant increase in transaction and address activity, potentially due to large-scale address poisoning attacks exploiting low gas fees. According to PANews, security researcher Andrey Sergeenkov highlighted that these attacks involve creating similar-looking addresses to conduct 'dust attacks,' misleading users into transferring funds to incorrect addresses. Following the Fusaka upgrade, transaction fees have dropped by over 60%, significantly reducing the cost of such attacks. Research indicates that more than 116,000 individuals have been affected, with cumulative losses exceeding $740,000.