TechFlow news, January 20 — According to Cointelegraph, security researcher Andrey Sergeenkov said that Ethereum's recent record-breaking network activity may be linked to a wave of address poisoning attacks leveraging low gas fees.
Since the Ethereum Fusaka network upgrade in December, transaction fees have dropped by over 60%, making such attacks more economically viable. Data shows that during the week starting January 12, Ethereum saw 2.7 million newly created addresses—170% higher than normal—with daily transactions spiking to over 2.5 million.
Address poisoning attacks involve scammers sending small transactions from wallets resembling legitimate addresses, tricking users into copying the wrong address during transactions. Research indicates that some top "poisoners" have sent transactions to over 400,000 recipients, with 116 victims already losing more than $740,000 through this method.
