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A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination. Crazy! Someone lost 1,155 $WBTC($71M) due to a phishing attack . How did it happen? 6 hours ago, this guy created a new address" 0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91" and transferred 0.05 $ETH to this new address. A scammer generated an address with the same starting… pic.twitter.com/iiFloZBTga — Lookonchain (@lookonchain) May 3, 2024 This observed behavior is common in the decentralized finance (DeFi) space, mainly due to t...

Crypto traders have lost over $100 million in the last four hours of this writing amid leverage position liquidations. The cryptocurrency market crashed by nearly $100 billion in capitalization since April 29’s opening, triggering these liquidations. Following a high-volatility event, crypto traders registered $101.39 million in losses in a 4-hour time frame. In particular, $96.62 million were from long-position liquidations, drastically punishing the bulls as cryptocurrencies trembled. Finbold retrieved this data from CoinGlass on April 30 at 13:00 UTC. Notably, Ethereum (ETH) led the losses with $28.47 million worth of collateral compulsively sold in exchanges, while Bitcoin (BTC) has slightly less than $20 million in liquidations in the same 4-hour period. Picks for you Promising Ethereum tokens to invest in May 2024 26 mins ago Cardano price prediction after whale activity explodes 44 mins ago Professional trader warns of ‘catastrophic’ market cras...

The total crypto currency market cap has seen over $20 billion capital inflow in the last 24 hours , three days after seeing over $31 billion market cap outflow on September 11, during a capitulation event that was already fully rebounded by the next day. According to data retrieved by Finbold on TradingView , the TOTAL-CRYPTOCAP index shows the 2% capital inflow from the $1.02 trillion market cap on September 13, at 16h UTC, to the local top of $1.04 trillion on September 14. At the moment of publication, the total crypto market cap is bullish at $1.036 trillion. Total Cryptocurrency Market Cap – CRYPTOCAP index. Source: TradingView Notably, this most recent inflow occurred three days after a massive capital outflow, from a $1.014 trillion market cap to $0.982 trillion in eight hours. For a $31.21 billion (-3%) drop. Analysts have pointed to capitulation signals, which could anticipate a longer-term price rebound. Best-performing crypto amid market cap inflow ...