$68M WBTC Stolen in Address Poisoning

In this case, the unsuspecting trader transferred 1,155 WBTC to the malicious address, resulting in substantial financial damage.

A trader recently fell victim to an address poisoning scam, resulting in the loss of $68 million worth of Wrapped Bitcoin (WBTC). The incident was brought to light by Cyvers, an on-chain security firm, which detected the theft in a May 3rd post. The targeted wallet, identified as “0x1E,” saw a devastating loss of over 97% of its crypto assets, amounting to approximately $67.8 million.

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