Binance has developed a unique detection algorithm to combat the rise in address poisoning scams following a $68 million exploit. This algorithm, described by CEO Richard Teng as an 'antidote,' identifies poisoned addresses by detecting suspicious transfers, such as those with near-zero value or unknown tokens, and has flagged over 15 million spoofed addresses to date. The initiative aims to safeguard users by alerting them before they send money to criminals.
To combat the rise in a crypto scam, address poisoning, #Binance created a unique detection algorithm. Over 15M spoofed addresses have been flagged to date! It's crucial for us all to remain vigilant against such scam tactics. Read more⤵️ https://t.co/FiJuWKaEO4
To combat the rise in a crypto scam, address poisoning, #Binance created a unique detection algorithm. Over 15M spoofed addresses have been flagged to date! It's crucial for us all to remain vigilant against such scam tactics. Read more⤵️ @Cointelegraph…
NEW: @binance CEO @_RichardTeng STATES “TO COMBAT THE RISE IN A CRYPTO SCAM, ADDRESS POISONING, @binance CREATED A UNIQUE DETECTION ALGORITHM. OVER 15M SPOOFED ADDRESSES HAVE BEEN FLAGGED TO DATE” https://t.co/zwbHK1cXAI
To combat the rise in a crypto scam, address poisoning, #Binance created a unique detection algorithm. Over 15M spoofed addresses have been flagged to date! It's crucial for us all to remain vigilant against such scam tactics. Read more➡️https://t.co/FiJuWKaEO4
To combat the rise in a crypto scam, address poisoning, #Binance created a unique detection algorithm. Over 15M spoofed addresses have been flagged to date! It's crucial for us all to remain vigilant against such scam tactics. Read more @Cointelegraph ⤵️…
To combat the rise in a crypto scam, address poisoning, #Binance created a unique detection algorithm. Over 15M spoofed addresses have been flagged to date! It's crucial for us all to remain vigilant against such scam tactics. We shared more with @Cointelegraph ⤵️…
JUST IN: Binance has developed an algorithm to detect spoofed #crypto addresses, aiming to safeguard users from address poisoning scams post the $68 million exploit https://t.co/FmGt7yHJ4y
Binance developed a unique method of identifying poisoned addresses to alert users before they send money to criminals. It detects spoofed addresses by first identifying suspicious transfers, such as those with near zero value or unknown tokens, pairing them with potential victim…
📣 Latest News: Binance develops ‘antidote' to address poisoning scams after $68M exploit #news #cryptonews #crypto