The recent $50M USDT phishing incident tied to lookalike Ethereum addresses is a stark reminder of how small UX decisions can have massive financial consequences. In this case, the truncation of wallet addresses showing only the first and last few characters made it easier for attackers to exploit human trust and pattern recognition. When two addresses look nearly identical at a glance, users often assume they are sending funds to the correct destination. This incident has rightly pushed the Ethereum community to urge wallet providers to rethink how addresses are displayed and verified.
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