Address poisoning is a type of scam in the crypto world where scammers create fake addresses with attractive balances and trick users into sending funds to these addresses. Chainalysis has discovered 82,031 wallets linked to this type of scam, targeting users with high balances. The scam often involves fake zero-value tokens and relies on users not verifying addresses closely enough. In one instance, a victim lost $57,000 by copying the wrong address from a contaminated transaction history. While some victims have been able to catch the scam, others have lost large sums of money, with one wallet losing $68 million worth of Wrapped BTC (WBTC). The scammers often use DeFi protocols and decentralized markets to launder the funds. Despite block explorers flagging fake transactions, users should be cautious and verify addresses before sending funds.



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