address poisoning

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A digital illustration of a massive leak from a digital wallet symbolizing the loss of digital assets, with a shadowy figure manipulating the flow, set against a backdrop of blockchain code and security symbols.

Unknown Trader Loses WBTC worth $68M to a Scam

Security firms and on-chain intelligence agencies have noted decreased crypto-related scams and hacks, yet the threat remains substantial

An unknown trader suffered a significant financial blow, losing $68 million in Wrapped Bitcoin (WBTC) due to an address-poisoning scam. This incident highlights the persistent vulnerability of digital asset holders to sophisticated scams.

May 4, 2024 09:43 AM

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