- Attackers use small EOS transactions to trick users into copying fake wallet addresses for future transfers.
- EOS is rebranding to Vaulta with a token swap planned for May 2025 as it moves toward Web3 banking.
- Crypto scams are rising and users must verify wallet addresses before making transactions to avoid losses.
The EOS blockchain is under attack by malicious actors using an address-poisoning scheme. Attackers send small transactions, often 0.001 EOS, from addresses resembling legitimate ones. The goal is to deceive users into copying fraudulent wallet addresses for future transactions.
Attackers Target Major Exchanges
Blockchain security firm SlowMist identified attackers creating accounts mimicking major platforms. They use names like “oktothemoon” instead of “okbtothemoon” to imitate OKX and “binanecleos” instead of “binancecleos” to impersonate Binance. These subtle differences make it difficult for users to detect fraud.
Several blockchain analysts have issued warnings about the attack. WuBlockchain confirmed the impersonation tactics. AVA, an AI-driven social app, acknowledged the attack but reassured users of the ecosystem’s security resilience.
History of Address Poisoning Attacks
Address poisoning attacks are not new. In January 2023, MetaMask warned users about a similar scam. In another case, a Bitcoin trader mistakenly sent $70 million to the wrong address. Binance also recently issued a global alert about clipper malware that alters wallet addresses. These incidents highlight ongoing security threats in the crypto industry.
EOS Rebrand to Vaulta Amid Security Issues
This attack coincides with EOS announcing a rebrand to “Vaulta.” The transition aims to shift the network toward Web3 banking. EOS plans to complete the rebrand by May 2025. Users can swap EOS tokens for Vaulta tokens at a 1:1 ratio for four months.
The new Vaulta token will be available on nearly 140 exchanges where EOS currently trades. Additional technical details will be released later.
Growing Security Concerns in Crypto
The EOS incident follows another security breach within 24 hours. BNB Chain’s meme token launchpad, four.meme, suffered a critical exploit, resulting in significant losses. The back-to-back attacks highlight increasing risks in the blockchain space.
Crypto users are urged to verify wallet addresses before making transactions. Avoiding reliance on past transaction records can help prevent financial losses.
