Ethereum Community Foundation calls for full wallet address display after 50M USDT phishing attack

The Ethereum Community Foundation said on Dec. 21 that wallet and explorer interfaces should display full address strings instead of truncating them with ellipses, warning that hiding middle sections introduces unnecessary security risks, BlockBeats reports. The foundation stated that some UI options currently used by wallets and block explorers present solvable security issues. BlockBeats previously reported a phishing case in which an attacker stole 50,000,000 USDT by creating a look-alike address matching the first and last three characters of the victim's address, first sending 0.005 USDT to establish transaction history, after which the victim allegedly copied the similar address from recent transactions and sent 50,000,000 USDT to the phishing address. The attacker swapped the stolen USDT for DAI to avoid freezing, then purchased 16,624 ETH and moved the funds through Tornado.