Contract Impersonation refers to a malicious act where an unauthorized party mimics the identity or functionality of a legitimate smart contract. This deception aims to trick users into interacting with a fraudulent contract, leading to asset misappropriation. Such schemes exploit trust in established digital agreements.
Context
News regarding contract impersonation typically involves warnings about phishing attempts, fake token offerings, or compromised decentralized applications. Investigations often focus on identifying the perpetrators and tracing the flow of illicitly obtained digital assets.
A deceptive phishing attack leveraged fake Etherscan verification and Safe Multi Send to bypass multi-signature wallet security, resulting in significant asset loss.
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