Fusaka Upgrade Sparks Rise in Address Poisoning Scams: $62M Losses

Ethereum's Fusaka upgrade has made address poisoning more affordable, leading to staggering losses for victims, totaling over $62 million.

Recent analyses have indicated that the recent Fusaka upgrade for Ethereum has significantly reduced the costs associated with address poisoning attacks. This shift has made it easier for cybercriminals to execute dust attacks with minimal financial investment.

Reports from Scam Sniffer highlight that two victims alone have suffered losses exceeding $62 million as a result of these malicious practices. The implications of this trend are alarming for the Ethereum community, as it raises concerns about the security and integrity of transactions on the blockchain.