China News Today TheBitTimes.com

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...

Dozens of Safe Wallet users have lost millions worth of crypto due to a recent wave of address poisoning attacks. In an X post on Sunday, Dec. 3, 2023 analysts at Scam Sniffer said that an unknown scammer stole more than $2 million worth of crypto from 10 Safe Wallet-based entities in just one week using the so-called “address poisoning ” attack , a scam where bad actors are spamming the transaction history page with similar operations a bid to trick victims into sending funds to the scammer’s address. about ~10 Safe wallets have lost $2.05 million to "address poisoning" attacks in the past week. the same attacker has stolen $5 million from ~21 victims in the past four months so far. pic.twitter.com/fu4kxaI3py — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 3, 2023 As per Scam Sniffer, the same attacker has succeeded in their efforts, stealing a total of $5 million worth of crypto from 21 victims in the past four months. As of press ti...