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Victim Loses Over $71 Million Worth of WBTC in Purported 'Address Poisoning' Attack

Published 03/05/2024, 21:00
Updated 03/05/2024, 22:10
© Reuters.  Victim Loses Over $71 Million Worth of WBTC in Purported 'Address Poisoning' Attack
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Benzinga - by The Block, Benzinga Contributor.

Someone lost over $71 million worth of Wrapped Bitcoin (CRYPTO: WBTC) in what appears to be an address poisoning attack. The victim transferred 1,155 WBTC ($71.1 million) to the alleged attacker, according to on-chain transfers from the Etherscan blockchain explorer. A poisoning attack when the hacker conjures a wallet address similar to the victim's, either through vanity address services or through address mining, and spams the victim with numerous transactions. If the victim accidentally copies the hacker's fake address, they'll have transferred their funds to the hacker instead of to their own.

Read the full story at The Block.

Read the original article on Benzinga

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