The top two gas spenders are zero transfer scammers
posted 7 Feb 2023
PeckShield, a blockchain security firm, warns that zero-transfer scammers are behind two of the largest gas spenders.
The scheme is as follows:
? Fake addresses are created by imitating real ones.
? The TransferFrom function is then used to make a zero transfer from any wallet to a smart contract.
? As a result, a fake transaction history is created and shown in users' wallets and on Etherscan.
The only thing left to do is wait for the transfer from the victims who did not thoroughly check the address before sending the money.
The scheme is as follows:
? Fake addresses are created by imitating real ones.
? The TransferFrom function is then used to make a zero transfer from any wallet to a smart contract.
? As a result, a fake transaction history is created and shown in users' wallets and on Etherscan.
The only thing left to do is wait for the transfer from the victims who did not thoroughly check the address before sending the money.
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