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The Ethereum Foundation responds to the 50 million USDT phishing attack, fully displaying the address can drop the risk.
According to Mars Finance news, the Ethereum Foundation responded on the X platform regarding the “50 million USDT phishing attack” incident, stating that the practice of truncating addresses with ellipses (e.g., 0xbaf4b1aF…B6495F8b5) should be stopped immediately, and address information needs to be displayed in full. Hiding the middle part of an address can create unnecessary risks. Moreover, some UI options provided by certain wallets and blockchain explorers currently have security issues, which can actually be resolved. It is reported that the attacker in this incident generated an address with the same first and last three characters, and the victim transferred 50 million USDT to the similar address generated by the attacker without carefully checking the copied address.