The EOS blockchain is facing address poisoning attacks while preparing for significant changes — rebranding to Vaulta with a focus on Web3 solutions and a new token launch.
Address Poisoning Attacks
Cybercriminals are conducting address poisoning attacks on the EOS blockchain, sending small transactions to deceive users. Security firm SlowMist issued a warning, urging caution. Attackers create fraudulent addresses resembling major trading platforms, such as Binance.
EOS Rebrands to Vaulta
EOS is preparing for a strategic transition, including rebranding to Vaulta. The transition is scheduled for late May and involves launching a new token. Vaulta will retain EOS’s existing infrastructure with added financial solutions, including exSat Bitcoin digital banking tools and partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance Inc.
Strengthening Security and New Opportunities
As EOS transitions to Vaulta, it updates services with comprehensive financial offerings in its BankingOS ecosystem. EOS tokens will become Vaulta Tokens through a swap portal and on 140 exchanges. New technical details, including a new ticker, will also be announced. Despite these changes, address poisoning remains a critical threat requiring increased user awareness.
Amid address poisoning threats, EOS is taking a significant step towards change, focusing on Web3 banking growth, security, and new financial solutions.
