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Ethereum Community Foundation Calls for End to Ellipsis Truncation Address Practice to Mitigate "Address Spoofing" Risk

2025.12.21 21:07:06

On December 21, the Ethereum Community Foundation posted on Platform X in response to the "50 Million USDT Phishing Attack" incident, calling for an end to truncating cryptocurrency addresses with ellipses (e.g., 0xbaf4b1aF...B6495F8b5). Addresses must be fully displayed—hiding the middle portion creates unnecessary risks. Some wallets and blockchain explorers currently offer UI options with security flaws, but these issues can be fixed. As previously reported, the phisher generated an address matching the victim’s in the first and last three digits, then sent 0.005 USDT to the victim’s address. When the whale either transferred funds officially or copied the address from the latest transaction record, the full 50 million USDT went to the phisher’s spoofed address. The phisher quickly swapped the 50 million USDT for DAI (to avoid freezing) before converting all of it into 16,624 ETH. These ETH were later laundered via Tornado.
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