{"id":76952,"date":"2026-08-18T10:07:39","date_gmt":"2026-08-18T10:07:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-and-bnb-chain-address-mistakes-cost-574-8-million\/"},"modified":"2026-08-18T10:07:39","modified_gmt":"2026-08-18T10:07:39","slug":"ethereum-and-bnb-chain-address-mistakes-cost-574-8-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-and-bnb-chain-address-mistakes-cost-574-8-million\/","title":{"rendered":"Ethereum and BNB Chain Address Mistakes Cost $574.8 Million"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Researchers have linked more than $574.8 million in crypto losses on Ethereum and BNB Chain to simple address mistakes, including reused contract addresses and wallets tied to exposed private keys. The findings show that major blockchain losses do not always begin with sophisticated exploits.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Researchers identified 65,340 high-risk address misuse cases across Ethereum and BNB Chain.<\/strong><\/em><\/li>\n<li><em><strong>Total losses reached about 127,000 ETH and 17,700 BNB, worth more than $574.8 million.<\/strong><\/em><\/li>\n<li><em><strong>Wallets linked to exposed private keys caused far larger losses than contract address mistakes.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<h2><strong>Exposed Private Keys Drive Most Losses<\/strong><\/h2>\n<p>The study, presented at the 35th USENIX Security Symposium, analysed more than 10 million candidate addresses and 16 million exposed private keys gathered from GitHub and Stack Exchange. Researchers then traced related activity on Ethereum and BNB Smart Chain.<\/p>\n<p>They split address misuse into two main categories.<\/p>\n<p>Contract address misuse happens when users interact with an address as if a smart contract exists there, even though no contract code is deployed on that network. Cross-chain confusion can cause the problem because the same address may host a contract on a testnet but remain empty on Ethereum mainnet. Transactions can still complete, leaving attached funds trapped instead of reverting.<\/p>\n<p>Researchers identified 49,344 high-risk contract address cases, linked to losses of 22,738.41 ETH and 8,681.41 BNB.<\/p>\n<p>The larger losses came from externally owned accounts with exposed private keys. Users sometimes send funds to test wallets or example accounts whose keys already appear publicly in developer repositories or documentation. Anyone holding that key can then control the wallet.<\/p>\n<p>The study found 15,996 such high-risk addresses, with losses reaching 104,244.53 ETH and 9,045.29 BNB.<\/p>\n<p>Researchers also found attackers actively targeting these mistakes. In 469 cases, attackers used cross-chain address reuse to deploy contracts and recover funds users had mistakenly sent. A separate attack pattern used Ethereum EIP-7702 to delegate compromised accounts to malicious contracts capable of quickly draining incoming assets.<\/p>\n<p>The research team included academics from Sun Yat-sen University, Zhejiang University, Peking University, the University of Electronic Science and Technology of China, The Hong Kong Polytechnic University and Lingnan University. Their detection method recorded an overall precision rate of 99.11%.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ethereum-and-bnb-chain-address-mistakes-cost-574-8-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Researchers have linked more than $574.8 million in crypto losses on Ethereum and BNB Chain to simple address mistakes, including reused contract addresses and wallets tied to exposed private keys. The findings show that major blockchain losses do not always begin with sophisticated exploits. Good to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":76953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76952"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76952"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76953"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}