Suspected $68.​3M WBTC Lost in Address-Poisoning Scam

馃毃 Massive WBTC Heist Uncovered

By Rarible
May 16, 2024, 5:41 PM
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Reports are circulating about a potential loss of $68.​3 million worth of Wrapped Bitcoin (WBTC) in what is suspected to be an address-poisoning scam.​ Address-poisoning is a technique used by scammers to deceive victims into sending funds to the scammers' wallets.​ The scammers flood the victim's wallet with numerous small transactions from a similar-looking wallet address.​ Victims may then mistakenly send funds to the scammer's address when attempting to find the intended recipient's address in their transaction history.​ It is crucial to thoroughly verify the entire wallet address before sending funds to avoid falling victim to such scams.​

Sources

There's news swirling about that $68.3M worth of $WBTC, suspected to have been lost in an address-poisoning scam. 馃憠 What is wallet-poisoning? It's when scammers deceive folks into sending money to their own wallets. 馃憠 These scammers pull off their scheme by flooding the

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