Crypto ‘address misuse’ drained $574.8M in ETH and BNB — USENIX study
A USENIX study reveals that attackers exploited cross-chain address confusion to drain $574.8 million in Ethereum and BNB tokens through "address misuse" tactics.
A USENIX study revealed that crypto address misuse drained $574.8 million in ETH and BNB. Attackers exploit confusion between similar-looking addresses—using characters that visually mimic legitimate ones—to trick users into sending funds to the wrong destination. This "address poisoning" often targets high-value transactions. The study highlights the scale of losses from this simple yet effective attack vector.