Address poisoning recently cost 2 victims over $62M alone: Scam Sniffer

💡 DMK Insight

Ethereum’s Fusaka upgrade is raising red flags for traders, and here’s why: address poisoning is now more affordable for malicious actors, which could lead to increased dust attacks. With ETH currently at $2,028.46, the implications of this upgrade are significant. Dust attacks can clutter wallets and potentially manipulate market sentiment, leading to volatility. Traders should be wary of sudden price swings as these attacks might create artificial sell pressure. It’s crucial to monitor wallet activity closely, especially on the daily charts, to gauge any unusual patterns that could signal a broader attack. On the flip side, while this poses risks, it also highlights the need for improved security measures in the Ethereum ecosystem. Traders might want to consider protective strategies, such as diversifying their holdings or using wallets with enhanced security features. Keep an eye on ETH’s support levels around $2,000; a breach could trigger further selling pressure.