Safe

Million

USDC

A crypto hacker who used sophisticated "address poisoning attacks" on 21 people stole nearly $2 million from Safe Wallet users in the last week alone.  
The <a href="https://optimisus.com/news/crypto-news/kyberswap-loses-48-8-million-in-security-breach-plans-to-compensate-users/" rel="noopener noreferrer nofollow">malicious actor</a>, identified by Scam Sniffer's analysis of Dune Analytics, is said to have stolen $5 million from 21 victims over the last four months.  
Between November 26 and December 3, approximately 10 Safe Wallet users were victims of address poisoning attacks, resulting in $2.05 million in losses. This represents a significant increase in the hacker's activity.  
According to Scam Sniffer's investigation, the perpetrator of these attacks has targeted 21 victims in the last four months, extorting a total of $5 million. Despite having $10 million in crypto, one victim reportedly "luckily" lost $400,000.  
Address-poisoning attacks involve <a href="https://optimisus.com/market/market-news/curve-hacker-initiates-refund-process-61m-stolen-funds-being-returned/" rel="noopener noreferrer nofollow">the hacker</a> creating an address with the same beginning and ending characters as the victim's.  
The hacker intends to "poison" the victim's transaction history by sending a small amount of cryptocurrency from a newly created wallet.  
If the victim copies the look-alike address by mistake, subsequent transfers may be directed to the hacker's wallet rather than the intended recipient.  
Notably, on November 30th, lending protocol Florence Finance was subjected to a significant address poisoning attack, resulting in a $1.45 million USDC loss. The attacker used addresses beginning with "0xB087" and ending with "5870," indicating a consistent mode of operation.  
The hacker's ability to repeatedly exploit Safe Wallet users and carry out high-profile attacks highlights the ongoing threat that individuals and protocols in the crypto space face. 
The post <a href="https://optimisus.com/news/crypto-news/hacker-exploits-safe-wallet-users-stealing-nearly-2-million/" rel="noopener noreferrer nofollow">Hacker Exploits Safe Wallet Users, Stealing Nearly $2 Million</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Hacker Exploits Safe Wallet Users, Stealing Nearly $2 Million

Optimisus

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