Top Ethereum (ETH) Gas Spenders Are Scammers

Ethereum users, beware! The top two gas spenders on the network are zero transfer scammers

by blockchain security firm PeckShield, the top two gas spenders on the Ethereum network are zero transfer scammers.

The scammers are using fake wallet addresses to trick users into sending money to these addresses, with the aim of compromising the victims' wallets.Fraudsters create fake wallet addresses that resemble their potential victims' real addresses. They transfer zero tokens from any wallet with the help of the “TransferFrom” feature via a smart contract. In such a way, they are able to create a fake wallet history with zero transfers to trick innocent victims.

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