March 15, 2025

wrapped bitcoin

Crypto

Wrapped Bitcoin (WBTC) Wallet Loses $69,300,000 Worth of Crypto in Apparent Address Poisoning Scam

A crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack, according to the blockchain security firm CertiK. Address poisoning usually involves a scammer sending a wallet a tiny amount of crypto via an address that’s designed to look similar to the wallet’s, according to an explanation provided by Ledger,

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Crypto

Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “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.” Meir

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