Ethereum Community Foundation responds to "50 million USDT phishing attack"

Jinse Finance reported that in response to the "50 million USDT phishing attack" incident, the Ethereum Community Foundation posted on X, stating that the practice of truncating addresses with dots (such as 0xbaf4b1aF...B6495F8b5) should be stopped immediately. Address information needs to be displayed in full, as hiding the middle part of the address can cause unnecessary risks. Moreover, some UI options currently provided by certain wallets and block explorers also have security issues, which can actually be resolved. It is reported that in this incident, the phisher previously generated an address with the same first and last three digits. The victim, without carefully checking the copied address, transferred 50 million USDT to the similar address generated by the phisher.

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