Trust Wallet Deploys Address Poisoning Protection Across EVM Chains

Trust Wallet has rolled out a new security feature designed to safeguard its users against address-poisoning attacks. Address poisoning is a form of phishing where scammers trick victims into sending cryptocurrency to illicit wallets by first sending them small transactions, hoping that unsuspecting investors copy and paste the attacker's address from their history.

The new feature will automatically run a destination address check against a database of known scam and lookalike addresses to prevent malicious transactions. This feature is now available on 32 Ethereum Virtual Machine-compatible blockchains, including Ethereum, BNB Smart Chain, Polygon, Optimism, Arbitrum, Avalanche, and Base.

According to Trust Wallet, address poisoning attacks are one of the 'fastest-growing threats in crypto.' The company estimates that there have been over 225 million attacks and $500 million in confirmed losses to date. This underscores the need for robust security measures to protect users from falling victim to phishing attacks.