Etherscan Reconfigures Blockchain Explorer Settings to Filter Out Potential Scams - The first knowledge sharing application in Vietnam

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Zero-value token transfers have drained $19 million from victims’ wallets between late November 2022 and Feb. 13, 2023, according to Coinbase . To view zero-value token transfers, users will have to disable the feature in the website’s setting page.

“In recent times, address poisoning attacks have phished unsuspecting users and spammed everybody else,” said Etherscan. “Preventing scams and attacks in a neutral and scalable way is an infinite cat-and-mouse game.”

The blockchain explorer will now hide zero-value token transfer displays on its website by default. The setting aims to prevent users from becoming victims of “address poisoning” hacks, in which attackers send virtually valueless tokens to a user’s wallet addresses to bait them into sending tokens to a scam address.

Etherscan has reconfigured its default blockchain viewing settings in a move to protect users against a common type of phishing scam, the company tweeted on Monday.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.