Ethereum Community Foundation Calls for an End to Address Truncation with Ellipsis to Prevent "Address Poisoning" Risk

BlockBeats News, December 21st. In response to the "50 million USDT Phishing Attack" incident, the Ethereum Community Foundation posted on Platform X, calling for an end to the practice of using ellipsis to truncate addresses (e.g., 0xbaf4b1aF...B6495F8b5). Address information needs to be displayed in full, as hiding the middle part of an address can lead to unnecessary risks. Currently, some wallets and block explorers provide UI options that also have security issues, all of which can actually be resolved.

Earlier reports indicated that the phisher generated an address with the same first and last 3 digits and transferred 0.005 USDT to the victim's address. When the phisher made the actual transfer, they either directly copied the address from the recent transaction record, and all 50 million USDT was then transferred to the phisher's generated similar address. The phisher quickly converted these 50 million USDT to DAI (to avoid freezing) and then bought a total of 16,624 ETH. Subsequently, these ETH were all washed through Tornado.