According to a report from Jinse Finance, in response to the “50 million USDT phishing attack” incident, the Ethereum Community Foundation stated on the X platform that the practice of truncating addresses with ellipses (for example, 0xbaf4b1aF…B6495F8b5) should be stopped immediately. Address information needs to be displayed in full, as hiding parts of the address can create unnecessary risks. Moreover, some UI options provided by certain wallets and blockchain explorers also have security issues, which can actually be resolved. It is reported that the phisher generated an address with the same first and last three characters, and the victim transferred 50 million USDT to the similar address generated by the phisher without carefully checking the copied address.
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