- A user unintentionally sent 1,155 wrapped bitcoin to an exploiter’s wallet after being targeted by address poisoning.
- The scam has been confirmed by various blockchain security firms.
Trickery through false address: This method deceives victims into sending funds to an incorrect wallet by replicating the initial and final six characters of a genuine address, while altering the remaining characters unnoticed. Wallet addresses span up to 42 characters in length.
As a crypto investor, I’ve come across disheartening news confirmed by security platform Cyvers and blockchain investigator ZachXBT. They revealed that approximately $68 million was drained from a wallet due to an address poisoning scheme.
In the year 2023, decentralized finance (DeFi) saw crypto investors suffer losses totaling $2.33 billion due to hacks, frauds, and exploits. The first quarter of that same year added an unfortunate $333 million to this tally.
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2024-05-03 17:24