Citi sounds the alarm on ‘address poisoning’ scams flooding the Ethereum network

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Citi's analysts warn that a surge in Ethereum network activity may be driven by scam-related behavior rather than genuine user growth, casting a negative light on the network's health.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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A record surge in activity on the Ethereum network is likely being driven by scam-related behavior rather than genuine user growth, according to the bank's analysts.

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Original article published by CoinDesk on January 22, 2026.
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