Address Poisoning Attack Hits EOS Blockchain; Users Urged to Stay Vigilant

Highlights:

• Hackers have targeted the EOS blockchain with address-poisoning attacks.
• SlowMist urged EOS users to double-check addresses before triggering any transaction.
• Hackers are sending users 0.001 EOS to poison their addresses.

On-chain investigation platform SlowMist reports that hackers are attacking EOS with an address-poisoning technique. The hacking scheme involves fake wallets mimicking legitimate ones to send insignificant amounts. This will deceive traders into copying and sending funds to the fake accounts.

In a March 19 tweet, SlowMist warned that the EOS users could become victims of address poisoning. Hence, it urged them to be alert and double-check wallet destinations before triggering fund transfers.

Malicious Actors Target Popular Exchanges

SlowMist noted that the scammers are sending users 0.001 EOS to poison their addresses. It added that the malicious actors target popular exchanges like OKX and Binance.

In its X post, the on-chain investigator highlighted how scammers used “oktothemoon” to mimic OKX’s original account, “okbtothemoon.” Similarly, they used “binanecleos” to impersonate Binance’s “binancecleos” authentic account. With slight modifications in the wallet addresses, unsuspecting users will send money to fraudulent addresses.

🚨 SlowMist Security Alert 🚨

Beware of address poisoning attacks on #EOS!

Malicious accounts are sending 0.001 $EOS to users to poison addresses, such as:

fake: oktothemoon
real: okbtothemoon – @okx

fake: binanecleos
real: binancecleos – @binance

Stay vigilant and verify… pic.twitter.com/HQu2kgAL3E

— SlowMist (@SlowMist_Team) March 19, 2025

Address Poisoning Scam Trend

Address poisoning isn’t new, as hackers have employed the technique in the past. In September last year, Binance warned its users about a global malware, Clipper. According to the exchange, this malware threatens crypto withdrawals.

It hijacks unsuspecting users’ clipboards, changing wallet addresses to the malicious actors’ fraudulent ones. With such modifications, traders send funds to the scammer, resulting in significant financial losses. Binance noted that the hacking scheme saw massive spikes in late August 2024.

Victims unknowingly install the malware through unverified plugins and apps, especially on Android devices and web platforms. iOS users face lower risks but aren’t immune to such malware. Like Binance, MetaMask issued a similar warning two years ago, highlighting an age-old, ever-evolving scamming technique.

While blockchain and crypto firms make efforts to protect users’ funds, hackers are not relenting. They are consistently investigating vulnerabilities to explore, implying that the crypto space will never be free of scammers. Aside from crypto platforms’ efforts, users must be alert to identify transactions that can make them lose funds.

EOS Blockchain Rebrands to Vaulta Amid Security Compromise Threats

In a March 18 press release, EOS announced plans to rebrand to Vaulta. The move aligns with EOS’s push toward Web3 banking. The publication states that the switch to Valuta will involve a token swap and might happen in late May. EOS noted that the transition is a product of years of planning to develop a secure, scalable, and all-encompassing financial system.

A New Era of Finance Begins.

After years of building the foundations behind the scenes, we’re excited to introduce Vaulta next frontier of finance Web3 Banking 🏦

With cryptocurrency’s rising popularity, clearer regulations, & growing demand for innovative financial products,… pic.twitter.com/6TLlHR7MCa

— EOS Network (@EOSNetworkFDN) March 18, 2025

The rebrand will result in the creation of the Vaulta Banking Advisory Council. Members of this setup will include banking and Web3 experts. They will play huge roles in linking the conventional financial system, decentralized infrastructure, and Web3 systems. In addition, this group will suggest strategies that align with global compliance standards to identify real-world piloting opportunities.

At the time of press, EOS is up 17.7%, trading at about $0.577. It ranks as the 95th most valuable cryptocurrency on CoinGecko, with a market capitalization of about $875 million. Its fully diluted valuation is $1.2 billion, while its 24-hour trading volume is $495.37 million.