A recent shocking scam has emerged in the crypto market: a user lost nearly 50 million USDT within an hour due to address poisoning attacks. Such incidents are occurring frequently, exposing significant vulnerabilities in the industry’s protection of user assets.

**How Address Poisoning Works**

The scammer’s method is quite simple—generate fake addresses that resemble the user’s common addresses, manipulating the first and last few characters to create visual confusion. When users hurriedly make transfers and are not careful, assets are sent into a black hole. This is not advanced hacking technology but a carefully designed social engineering scam. Holders of mainstream tokens like ETH, XRP, ZEC, and others can all become targets.

**Why Technical Protections Are Still Lacking**

The current situation is quite ironic—technically, wallets are fully capable of detecting suspicious addresses and issuing warnings during user transfers. Some leading platforms have already launched similar features, automatically scanning target addresses before transfers and alerting users immediately if risks are detected. However, this basic functionality has not become standard across the industry, and most wallets remain passive.

More critically, there is currently no cross-platform blacklist sharing mechanism. Once a scam address is blacklisted by one wallet, other wallets remain unaware, creating information silos.

**What Changes Are Needed**

If you are a developer, integrating address risk detection into your wallet is no longer an option but a responsibility. Project teams should openly share security data for the benefit of the entire ecosystem. As a user, taking an extra second to confirm before transferring and choosing wallets with risk warning features can significantly reduce the chances of being scammed.

This security battle requires cooperation across the entire industry—no one can solve this problem alone, but everyone can contribute. Protecting asset security means protecting every participant.