What is Address Poisoning Attacks and Few steps to Protect Yourself
Address Poisoning AttacksAddress poisoning attacks involve tampering with crypto wallet addresses using unique alphanumeric codes directing transactions on blockchain networks.
1. Double-Check AddressesAlways verify wallet addresses before sending funds. Compare each character manually, especially the first and last five.
Few steps to Protect Yourself
2. Use Hardware WalletsCold wallets shield private keys from online threats. They require physical confirmation for transactions, blocking remote attacks.
3. Enable Multi-Factor Authentication (MFA)MFA adds layers to account security. Even if attackers compromise a password, they can’t bypass biometric or SMS verification.
4. Update Software RegularlyPatches fix vulnerabilities in wallets & apps. Enable automatic updates to stay protected against emerging threats.
5. Limit Address ReuseGenerate new addresses for each transaction. Reusing addresses simplifies tracking and increases poisoning risks.