Coinspeaker

Jan 21, 2026

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Crypto Scams Drive Ethereum Transactions to Record High

Recent data shows that Ethereum's daily transactions reached an all-time high of over 2.8 million, with more than 12.6 million new addresses created within the last 30 days.

Address Poisoning and Crypto Scams

• Analysts attribute the surge in Ethereum transactions to mass address poisoning attacks.
• Attackers send small crypto amounts from lookalike addresses to victims, aiming for mistaken fund transfers.
• These scams exploit user interface flaws and user carelessness.
• Blockchain security experts confirm the persistence of these attacks.

Efforts to Combat Crypto Scams

• In December 2025, an attack resulted in a $50 million loss in USDT.
• Binance's co-founder suggested automatic detection and blocking of such scams, along with industry-wide blacklists.
• Authorities are collaborating with firms like Tether to combat scams, fraud, and trafficking-linked flows in Africa and Papua New Guinea.