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Ethereum Community Foundation Warns Against Truncated Address Practices After $50M USDT Phishing Attack

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KuCoin security teams are closely monitoring a $50M USDT phishing attack linked to Ethereum address truncation. The Ethereum Community Foundation has warned users to always verify full addresses, as attackers used similar-looking addresses to steal funds. Some wallets and explorers display shortened addresses, increasing the risk of error. Users are advised to double-check transaction details. Is KuCoin safe? The exchange has not commented on the incident but encourages users to follow best security practices.
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