Massive $69.3M Crypto Scam Hits Wrapped Bitcoin (WBTC): Address Poisoning Exploit Exposed

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A crypto wallet has reportedly lost $69.3 million in Wrapped Bitcoin (WBTC) due to an address-poisoning attack.
The scammer tricked the victim into sending funds to a wrong address by mimicking a small Ethereum (ETH) transfer.
The stolen WBTC was swapped for 23,000 ETH and transferred out, according to blockchain security firm Peckshield.

An address-poisoning attack has led to a crypto wallet losing $69.3 million in Wrapped Bitcoin (WBTC). The scammer tricked the victim by mimicking a small Ethereum (ETH) transfer, leading to the massive loss.

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Details of the Address-Poisoning Attack

An address-poisoning attack involves a scammer sending a tiny amount of crypto to a wallet via an address designed to look similar to the wallet’s. This tactic is aimed at tricking... Read the full article for FREE at COINOTAG!