News Explorer — ‘Address Poisoning’ Attack Sees Scammer Make Off With $1.3M in ARB Tokens

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Mar 31, 2:29 pm

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‘Address Poisoning’ Attack Sees Scammer Make Off With $1.3M in ARB Tokens

A hacker appears to have scammed over 600 crypto wallets for more than total 930,000 ARB tokens, initially reported as a "lucky" Arbitrum airdrop recipient. Blockchain intelligence firm Arkham and independent on-chain researcher 0xKnight have identified the malicious address and confirmed victim reports of the hack. The hacker used a phishing attack through a malicious smart contract and address poisoning to make the transaction look like it was from the users' wallets.

A hacker appears to have scammed over 600 crypto wallets for more than total 930,000 ARB tokens, initially reported as a "lucky" Arbitrum airdrop recipient. Blockchain intelligence firm Arkham and independent on-chain researcher 0xKnight have identified the malicious address and confirmed victim reports of the hack. The hacker used a phishing attack through a malicious smart contract and address poisoning to make the transaction look like it was from the users' wallets.

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