According to reports, this week alone, some unsuspecting cryptocurrency users have lost over $1.6 million due to address poisoning attacks—an amount that exceeds the total losses for the entire month of March.

The cryptocurrency fraud prevention platform ScamSniffer stated that on Friday, a victim lost 140 ETH, worth approximately $636,500, after copying an incorrect address from a contaminated transaction history.

The ScamSniffer team pointed out: "The user essentially sent 140 ETH to a similar address due to a copy-paste error, which had previously been injected into the history." The team added: "His history was full of contamination, so it was only a matter of time before the trap was effective."

Another victim lost $880,000 in cryptocurrency on Sunday due to address poisoning, while other alerts indicated that users lost $80,000 and $62,000, respectively.

Cointelegraph found through aggregating warnings released by cybersecurity companies that since Sunday, over $1.6 million has been scammed from users through this method, surpassing the $1.2 million lost in March due to address poisoning.

🚨 Almost a million is lost to an address poisoning scam. @web3_antivirus detected a live address poisoning scheme that drained about $880K in USDT. One wallet had its history poisoned, and the same owner likely retried a stuck transfer from three more wallets, each sending… pic.twitter.com/N8IHy7MkIs

Address poisoning involves sending small transactions from wallet addresses that resemble legitimate addresses, tricking users into copying the wrong address when they make future transactions.

Web3 Antivirus, a company providing blockchain security solutions, stated: "Poisoners send small transfers from accounts that mimic real addresses, making copying from the history a trap."

ScamSniffer explained on Friday that scammers send fake transfers with similar addresses that appear in the victim's transaction history, causing the victim to copy the fake address and send funds to the scammers, resulting in "transaction history contamination."

According to ScamSniffer, in addition to the million-dollar address poisoning thefts, at least $600,000 this week was lost because victims signed malicious phishing signatures (such as "approve," "increaseAllowance," and "permit" signatures).

ScamSniffer reported that on Tuesday, a victim lost $165,000 worth of BLOCK and DOLO tokens after signing a malicious signature.

Web3 Antivirus reminded: "While we have been repeating this issue, it is worth emphasizing again to use an address book or whitelist and verify the full address before sending."

Related: Reports indicate that Vietnamese police have cracked down on a multi-billion dollar cryptocurrency Ponzi scheme behind Paynet Coin.

Original article: “Crypto Address Poisoners Profit $1.6 Million This Week”

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