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HI Guys
Here's a brief explanation of each crypto attack type:
1. Crypto Dust Attacks: This involves 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 NFTs and fake tokens.
This method involves 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 an 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.
These conditions are juicy for the attacks.
Address poisoning is not limited to the attacks above, it can be used for so much more.
My current contacts for our products and other issues: https://t.me/honeymanOne
- Crypto dusting attacks?
- Zero-value transfer attacks?
- Sybil attacks?
- Fake Token Attacks?
- Transaction interference attacks.?
- Crypto Phishing attacks.
Here's a brief explanation of each crypto attack type:
1. Crypto Dust Attacks: This involves 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 NFTs and fake tokens.
This method involves 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 an 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.
These conditions are juicy for the attacks.
Address poisoning is not limited to the attacks above, it can be used for so much more.
My current contacts for our products and other issues: https://t.me/honeymanOne