The attack caused the unknown trader to lose over 97% of its total crypto holdings, in a single malicious transaction.
An unknown trader lost $68 million worth of Wrapped Bitcoin in a single transaction in an address-poisoning scam.“Are we mistaken, or has someone truly lost $68 million worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 $WBTC.”Address poisoning, also known as address spoofing, aims to capitalize on traders’ carelessness and haste when making transactions.
worth of cryptocurrency lost to scams and hacks. This marks the lowest historical figure since 2021 when on-chain intelligence firm CertiK started tracking the data. According to the report, losses from hacks, exploits and scams were down 141% over the previous month. The decline is mostly due to the lack of private key compromises. April only saw three private key leaks, whereas March saw over 11 attacks via private key compromises.However, CertiK’s figures don’t include the $33 million ZKasino scam. Although the report considers the project to be in the middle of a “controversy,” it has not yet labeled it a scam.
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