Blockchain Security Experts Warn EOS Users to Double-Check Transactions
Hackers are at it again — this time targeting EOS Network users with a sneaky scam designed to trick them into transferring funds to fraudulent addresses. According to SlowMist, a blockchain security firm, attackers are sending small transactions of 0.001 EOS to users in an attempt to lure them into copying and pasting fake wallet addresses during future transfers.
Address Poisoning Attack on EOS Users
This attack, known as “address poisoning,” involves hackers creating and sending tiny transactions using wallets that look almost identical to legitimate ones. The goal? To confuse users into copying and using the wrong address when making transfers — leading to stolen funds.
In the EOS case, attackers set up fake wallets mimicking major crypto exchanges. For example:
- “oktothemoon” — designed to impersonate OKX (real account: “okbtothemoon”)
- “binanecleos” — created to imitate Binance (real account: “binancecleos”)
SlowMist advises EOS users to carefully verify all transaction details — even minor ones — to avoid falling into this trap.
EOS Network Rebrands to Vaulta
Interestingly, this attack comes right on the heels of a major announcement from the EOS Network team. They’ve revealed plans to rebrand EOS to Vaulta as part of a strategic shift toward Web3 banking services.
The rebrand is expected to take effect by the end of May this year. While the network will continue using the EOS infrastructure, its new mission will focus on providing digital banking solutions. Key partnerships with platforms like Bitcoin exSat, Ceffu, Spirit Blockchain, and Blockchain Insurance Inc. are also in the works.
As part of the rebrand, the EOS token will be renamed the Vaulta Token. Following the announcement, the price of EOS surged by over 25%.
EOS Price and Market Status
According to CoinMarketCap, EOS was trading at $0.6151 with a market cap of $955 million at the time of writing.
Hackers are getting craftier, but EOS users can stay one step ahead by double-checking wallet addresses and transaction details. And with the Vaulta rebrand on the horizon, EOS is clearly positioning itself for a new chapter in the world of Web3 banking.