Recent record network activity on Ethereum has doubled to 8 million addresses in a month, with daily transactions hitting an all-time high of almost 2.9 million. A surge in new addresses and daily transactions could be linked to a rise in “address poisoning” attacks, which exploit low gas fees after a network upgrade cut transaction fees by more than 60%. This has led to a loss of $740,000 from 116 victims due to scammers sending small transactions from wallet addresses that resemble legitimate ones. The scammers then send money to “dust distributor” addresses, which distribute dust to millions of potential victims, creating false entries in transaction histories.

Read more at Cointelegraph: Ethereum Address Poisoning Attacks Steal $740K After Fusaka