Binance co-founder Changpeng Zhao proposes additional security measures to combat address poisoning, suggesting wallet warnings and blacklists for suspicious accounts. Phishing scams cost victims over $7.7 million in November, with one victim losing $50 million in USDT in a single transaction. Zhao advocates for wallets to block “poison addresses” and filter out spam transactions.

Security company CertiK identifies phishing as the most damaging crypto scam, with address poisoning emerging as a significant threat. Despite rare cases of victims recovering funds, the risk remains high for users who copy wallet addresses from transaction histories. Binance’s security team has developed an algorithm that has identified 15 million poisoned addresses to combat this growing threat.

Read more at Cointelegraph.com

1. Bitcoin hits new all-time high of $60,000, fueled by increased institutional interest and positive market sentiment. Experts predict further growth as more investors enter the market.
2. Ethereum also sees a surge, reaching $2,000 for the first time as demand for decentralized finance (DeFi) continues to rise.
3. NFT (non-fungible token) sales surpass $300 million in February, with digital art and collectibles gaining popularity among investors.
4. Crypto exchange Coinbase files for IPO, aiming for a valuation of $100 billion as interest in digital assets reaches new highs.: CZ Proposes Fix To Address Poisoning After Investor Loses $50M