Ethereum hacked to steal millions from users across the world
Credit:
Wikipedia
Hackers have been observed abusing a feature in the Ethereum blockchain to trick victims into sending money.
In the last six months, the criminals were able to trick almost 100,000 people into giving away a total of $60 million, according to a new report from Scam Sniffer.
As per the report, the hackers used a function called Create2, an opcode that allows users to predict the address of a contract before it is deployed on the Ethereum network. In other words, hackers can create temporary addresses for each individual transaction - addresses that greatly resemble the ones where the victims intended to send the funds. The scheme is dubbed “address poisoning”.
