Trust Wallet adds real-time scam address checks for crypto users
Trust Wallet has introduced address-poisoning protection, adding a new screening feature designed to help users avoid sending cryptocurrency to scam wallets that mimic legitimate addresses.
The noncustodial wallet provider said Tuesday that the new feature will automatically run a destination address check against a database of known scam and lookalike addresses to prevent malicious transactions. The rollout initially covers 32 Ethereum Virtual Machine-compatible blockchains, including Ethereum, BNB Smart Chain, Polygon, Optimism, Arbitrum, Avalanche and Base.
Trust Wallet called address poisoning attacks one of the “fastest-growing threats in crypto,” and claimed there have been over 225 million attacks and $500 million in confirmed losses to date.
Address poisoning is a form of phishing in which scammers trick victims into sending crypto to illicit wallets by first sending them small transactions, hoping that unsuspecting investors copy and paste the attacker’s address from their history.
Address poisoning losses keep rising
Address poisoning attacks recently cost two investors $62 million in cryptocurrency. One of the victims lost $50 million in USDt (USDT) in December 2025, prompting industry leaders to call on wallets to implement better security measures.
Related: Phantom Chat under scrutiny after $264K address poisoning loss
“All wallets should simply check if a receiving address is a poison address,’ and block the user. This is a blockchain query,” former Binance CEO Changpeng Zhao wrote in a Binance Square blog post on Dec. 24, 2025, adding that wallets shouldn’t display similar spam transactions in the first place.
Beyond spam transaction filtering, cryptocurrency investors need to stop copying wallet addresses from their transaction history, security firm Hacken’s Extractor team recently told Cointelegraph.
Other wallets that offer preemptive transaction filtering tools against malicious transactions include the Rabby Wallet, Zengo Wallet and Phantom Wallet.
Related: French couple forced to hand over $1M in Bitcoin by criminals posing as police
Trust Wallet’s Chrome browser extension was compromised on Dec. 24, 2025, resulting in around $7 million in losses for users. Trust Wallet released a new version of its wallet, which removed the malicious code, and said that user losses will be covered.
Magazine: Meet the onchain crypto detectives fighting crime better than the cops
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The most reliable warning signal in the US stock market has lit up! After flashing twice in history, both times were followed by a major bear market
The quality factor QMJ, which has tracked the US stock market for nearly 70 years, is issuing a rare warning. In July this year, the indicator posted its largest single-month gain of 14.3% since 1957, as the long-running outperformance of junk stocks over more than two years was suddenly reversed. Historically, similar sharp reversals in QMJ occurred during the bursting of the internet bubble in 2000 and the financial crisis in 2008.
Tonight, the Federal Reserve's "no action" is unsurprising, and the market chooses to "buy everything" (except crude oil).
The Federal Reserve is almost certain to pause rate hikes tonight, but strong U.S. economic data is pushing the probability of a rate hike in December back above 80%, fueling expectations for “higher rates for longer.” Strangely, stocks, the dollar, gold, and bitcoin are all rising simultaneously, with the market staging a “buy everything” rally, while only crude oil is falling against the trend. Behind this broad rally, AI financing pressures and credit risks persist, and Wall Street is warning of market correction risks.
Coca-Cola (KO.US) Q3 Conference Call: Price increases remain manageable, but destocking and foreign exchange headwinds reduce visibility for Q4 and next year; CCBA divestiture restructures revenue profile
Coca-Cola announced its financial results for the third quarter of 2026 and held an earnings conference call.
US Stock IPO Analysis | From 12 Million to 59.6 Million HKD, Touch Holdings' Light Asset Transition and Growth Ceiling
Although Touch Holdings operates in the traditional field of interior decoration, its explosive growth in performance raises the question of whether it can attract market capital.
Crypto prices
More
