Trust Wallet has launched an automated “Address Poisoning Protection” feature for its mobile app to combat a prevalent wallet scam. The new tool scans transactions on 32 EVM chains using data from HashDit and Binance Security to detect and block malicious addresses before fund transfers are confirmed. This security upgrade addresses a growing threat, as blockchain security firm Cyvers stated that over 1 million address-poisoning preparations are identified daily on Ethereum alone.
The new feature from Trust Wallet automatically detects suspicious wallet addresses before users confirm transactions. It leverages aggregated data from HashDit and Binance Security across 32 EVM blockchain networks.
Address poisoning scams represent a rapidly growing threat, with approximately 34,000 attacks occurring every hour. Cyvers stated that more than 1 million “address-poisoning preparations” are identified daily just on the Ethereum blockchain.
Trust Wallet CEO Felix Fan explained the challenge, noting “the problem as difficult to recognize at times because scammers use very similar addresses.” The goal is to provide real-time information about potential scam addresses before a user confirms a fund transfer.
The feature builds upon the company’s existing Security Scanner tool introduced in 2023. Unlike that scanner, the new protection identifies problems when a user enters or copies a wallet address.
Other platforms offer different protective measures. For instance, hardware wallet provider Ledger offers a “clear signing” feature, while Safe provides address whitelisting tools to block transfers to unknown wallets. The automated detection is designed to assist average users in protecting their assets.
