Victim loses over $71 million worth of WBTC in purported ‘address poisoning’ attack | Headlines | News | CoinMarketCap
05/03/2024 23:01
Someone lost over $71 million worth of wrapped bitcoin (WBTC) in what appears to be an address poisoning attack. The victim transferred 1,155 WBTC …
Someone lost over $71 million worth of wrapped bitcoin (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.
The hacker's address has since been marked "fake" and "phishing" on the Ethereum blockchain explorer Etherscan.
Wrapped bitcoin is an ERC-token pegged 1:1 with bitcoin so that it …