Citi sounds the alarm on 'address poisoning' scams flooding the Ethereum network

2026-01-22 20:37:05

Source: CryptoNewsNet Original Title: Citi sounds the alarm on ‘address poisoning’ scams flooding the Ethereum network Original Link: Ethereum has posted a sharp, record-breaking rise in daily transactions and active addresses, but the jump is unlikely to signal healthy network expansion, according to analysis from Wall Street investment bank Citi.

This transaction trend is often associated with ‘address poisoning’ scam campaigns. A closer look at the data shows that much of the new activity consists of transactions valued at less than $1, a pattern more commonly associated with “address-poisoning” scams than with organic user adoption.

In address-poisoning campaigns, malicious actors send tiny amounts of crypto from wallet addresses that closely resemble those victims frequently use, hoping to trick users into mistakenly sending funds to the wrong destination in future transactions.

ETH-2,33%

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