Etherscan has introduced a new feature that enhances user experience and security. The “Address Highlight” feature enables users to easily identify and verify Ethereum addresses on web pages for enhanced security.
Etherscan is a block explorer and analytics platform for the Ethereum blockchain. It provides users with a range of information about the Ethereum network, including transaction history, wallet balances, and smart contract data.
Etherscan enables users to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices, and other activities occurring on the network.
According to Etherscan, with Address Highlight enabled, users can conveniently highlight any Ethereum address on a specific webpage by hovering their mouse pointer over it. This functionality simplifies the process of distinguishing legitimate addresses from potential fake ones.
Users can quickly locate and review all transactions associated with a specific Ethereum address. It helps users avoid falling victim to fraudulent addresses that might appear deceptively similar to legitimate ones.
Furthermore, the analytics platform noted that while the new feature is a valuable addition, users must remain vigilant when dealing with cryptocurrency addresses.
Etherscan emphasized this because malicious actors are constantly developing new tactics to deceive users into copying spoofed addresses. Hence, it is crucial to verify the address’s authenticity before proceeding with any transactions.
2023 crypto losses
This is no news as cyber crime in the industry hit over $1.4 billion in Q3 according to Immunefi. Between January to October 2023, there were cryptocurrency losses totaling $1,410,669,002 across 292 incidents, primarily due to hacks. In October 2023, $22,193,496 was lost due to hacks and fraud.
BNB Chain and Ethereum were the most targeted blockchains, constituting 83.3% of thelosses. Immunefi added that DeFi projects were the primary focus for exploits in October, while CeFi remained secure.
