Hackers exploit EOS rebranding, use fake addresses to trick users

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Mikhail Vnuchkov

19.03.2025

Hackers exploit EOS rebranding, use fake addresses to trick users — Users advised to be cautious when sending EOS

Hackers have swiftly reacted to EOS Network’s rebranding to Vaulta, which aims to bridge traditional finance with blockchain. According to blockchain security firm SlowMist, the network has already been targeted by an address poisoning attack, where small amounts of EOS tokens are sent from fake addresses that mimic the names of crypto exchanges and other services.

Unlike traditional fake token scams seen in Ethereum and BNB Chain, the EOS attack exploits fake exchange names instead. Malicious actors send 0.001 EOS to multiple addresses, attempting to confuse users when transferring their tokens to exchanges. Some of these addresses closely resemble Binance or OKX wallet addresses—two of the primary EOS trading platforms.

"Malicious accounts are sending 0.001 $EOS to users using poisoned addresses such as:
Fake: oktothemoon, Real: okbtothemoon – @okx
Fake: binanecleos, Real: binancecleos – @binance
Stay vigilant and double-check your addresses!" – SlowMist warned in a post on X.

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Users advised to be cautious when sending EOS

The attack is likely targeting users who will interact more with EOS in the lead-up to a potential token swap. Before the actual swap, many holders may send EOS to exchanges for trading to take advantage of the recent price surge.

As of December 2024, EOS had around 30,000 daily active wallets, but these numbers could shift rapidly as more users return to the rebranded network.

Following the rebranding announcement, EOS surged by 32% to $0.655 and is now trading at $0.576, reflecting a 17% daily increase.

EOS price dynamics for 24 hours. Source: CoinMarketCap

Fake addresses rely on users copying or reusing previously used addresses instead of manually entering the correct destination each time. This attack also coincides with EOS positioning itself as a blockchain fit for Web3 banking services.

As we wrote, in a bold move signaling a new chapter in the world of decentralized finance, the EOS Network has announced a major rebranding — the project will be renamed Vaulta, reflecting a strategic shift toward the concept of Web3 banking.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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