The Binance security team has developed a new algorithm to monitor poisoning scams

ChainCatcher news, according to Cointelegraph, the Binance security team stated: "We have developed a unique method to identify poisoning addresses, which helps us alert users before they transfer funds to criminals, and assists in identifying and marking over 13.4 million scam addresses on the BNB Smart Chain and 1.68 million scam addresses on Ethereum."

In addition, the algorithm will also help mark scam addresses on HashDit's user-facing products, web browser extensions, and MetaMask Snaps.