The Ethereum Community Foundation responded to a phishing attack involving 50 million USDT, providing a complete list of addresses to mitigate the ris...

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The Ethereum Community Foundation warns against truncating addresses with dots, as it creates security risks. They advise displaying full addresses to prevent phishing attacks like the recent 50 million USDT incident.

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EthereumSmart ContractsLayer 1phishing attackUSDTaddress securityblockchain security
According to Mars Finance, the Ethereum Community Foundation responded to the "50 million USDT phishing attack" incident on the X platform, stating that the practice of truncating addresses with dots (such as 0xbaf4b1aF...B6495F8b5) should be stopped immediately. Address information needs to be displayed in its entirety; hiding the middle part of the address creates unnecessary risks. Furthermore, some UI options provided by certain wallets and block explorers currently have security vulnerabilities, which are all solvable. It is understood that the phishing attackers had previously generated an address with the first and last three digits identical. The victim, without carefully checking the copied address, transferred 50 million USDT to the similar address generated by the phishing attackers.

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