Unprecedented $68 Million Loss in Bitcoin (BTC): A Cautionary Tale for Crypto Investors

Unprecedented $68 Million Loss in Bitcoin (BTC): A Cautionary Tale for Crypto Investors

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  • A mysterious trader has lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction due to an “address poisoning” scam.
  • The theft was first revealed by onchain security firm Cyvers in a post on May 3.
  • According to CoinStats, the victim, with a “0x1E” wallet, lost over 97% of their total assets worth over $67.8 million.

A mysterious trader loses $68 million in WBTC due to an “address poisoning” scam, highlighting the ongoing threat of crypto scams.

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