Overview

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A trader lost $68 million in WBTC due to an address poisoning scam, where they sent funds to a fraudulent address; The massive loss, disclosed by Cyvers, accounted for The attack involved tricking the victim, identified as wallet address “0x1E,” into sending their WBTC to a fraudulent address disguised to closely resemble the intended An unknown trader has lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam. The $68 million theft was first revealed by on-chain security A trader mistakenly sent $68 million in Wrapped Bitcoin to a scammer in an address-poisoning scheme. The trader Loses $68 million The victim’s wallet was drained of over 97% of its total assets, and the rest of its contents have since been removed, leaving them with just $13.56 worth of ETH,, also The trader lost nearly $68.27 million worth of Wrapped Bitcoin after inadvertently copying the wrong address from a tainted transfer history. According to a post on In a novel incident, a trader ended up losing $68 million worth of WBTC by falling prey to a new crypto scam. Per Cyvers Alerts, a trader lost 1155 WBTC worth of funds An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam. The $68 million theft was first revealed by on

Trader Loses $68 Million in WBTC Due to Address Poisoning Scam: A Costly Wallet Blunder

In a devastating incident, a trader lost a staggering $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction due to a sophisticated address-poisoning scam. The massive loss, disclosed by Cyvers Alerts, highlights the growing risks in the cryptocurrency world and the importance of meticulous transaction verification. The $68 million theft was first revealed by on-chain security analysts.

How the $68 Million WBTC Address Poisoning Scam Unfolded

An unknown trader has lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam. The trader mistakenly sent $68 million in Wrapped Bitcoin to a scammer in an address-poisoning scheme. The attack involved tricking the victim, identified as wallet address “0x1E,” into sending their WBTC to a fraudulent address disguised to closely resemble the intended recipient.

According to a post on X, the trader lost nearly $68.27 million worth of Wrapped Bitcoin after inadvertently copying the wrong address from a tainted transfer history. This "address poisoning" involves scammers creating addresses that share common prefixes and suffixes with addresses frequently used by their targets. The trader lost $68 million in WBTC due to an address poisoning scam, where they sent funds to a fraudulent address. In a novel incident, a trader ended up losing $68 million worth of WBTC by falling prey to a new crypto scam. Per Cyvers Alerts, a trader lost 1155 WBTC worth of funds. The trader Loses $68 million.

The Aftermath of the $68 Million Loss

The victim’s wallet was drained of over 97% of its total assets, and the rest of its contents have since been removed, leaving them with just $13.56 worth of ETH. The massive loss serves as a stark reminder of the potential consequences of even a momentary lapse in vigilance when dealing with cryptocurrency transactions.

Protect Yourself from Address Poisoning and Other Crypto Scams

This $68 million WBTC loss underscores the need for heightened security awareness within the crypto community. Always double-check the full recipient address before confirming a transaction, regardless of how familiar it may seem. Consider using hardware wallets and implementing additional security measures to protect your crypto assets from increasingly sophisticated scamming techniques.

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