A recent surge of address poisoning scams has resulted in a staggering loss of over $1.6 million for individual Ethereum holders within just a week. This type of fraud exploits user error by creating lookalike addresses resembling legitimate wallets, leading to significant financial losses for individuals. Security researcher Markus Peters of CryptoSecure commented on the issue, highlighting how these scams prey on human trust in transaction histories, causing devastating consequences for victims. These scams involve anonymous actors sending small transactions from seemingly identical addresses to unsuspecting targets. A notable example involved a victim losing 140 ETH, but major industry voices haven’t issued statements regarding the widespread incident. The impact of address poisoning remains largely confined to individual Ethereum holders with no apparent effect on larger market stability or DeFi protocols’ liquidity.