Ethereum network activity surge may be linked to address poisoning attacks

A recent surge in Ethereum network activity may be attributable to large-scale address poisoning attacks that exploit lower gas fees, according to a recent analysis. Last week, 2.7 million new addresses were created, and the number of daily transactions approached an all-time high of 2.9 million, Cointelegraph reported. Security researcher Andrey Sergeenkov explained that network fees have decreased by more than 60% since the Ethereum Pectra upgrade last December, creating a more suitable environment for these attacks. Address poisoning is a scam method where attackers use a vanity-generated wallet address that matches the first and last characters of a user's address to trick them into transferring funds.