Wrapped Bitcoin

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<ul> 
 <li>A recent sophisticated phishing attack, known as ‘address poisoning’, has resulted in a loss of over $71 million in Wrapped Bitcoin (WBTC).</li> 
 <li>The victim unknowingly transferred 1,155 WBTC to a fraudulent address that had the same starting and ending characters as their own.</li> 
 <li>Former Binance CEO, Changpeng Zhao, has previously warned about the deceptive effectiveness of such attacks.</li> 
</ul> 
<p><strong>A recent ‘address poisoning’ attack has led to a loss of over $71 million in Wrapped Bitcoin (WBTC), highlighting the deceptive effectiveness of such phishing techniques in the crypto world.</strong></p> 
<h2 id="strong-details-of-the-phishing-attack-strong"><strong>Details of the Phishing Attack</strong></h2> 
<p>The incident occurred when the victim created a new address and transferred 0.05 Ether (ETH) to it. The fraudster cleverly created an address with the same starting and ending characters and made a 0 ETH transfer to the victim, causing the transaction to appear in the transaction history. Many wallets hide the middle part of the address with “…” for a cleaner user interface. When the victim wanted to transfer their WBTC to the new address, they accidentally copied the fraudster’s address with the same starting and ending characters. As a result, they transferred 1,155 WBTC, worth $71 million, directly to the fraudster.</p>
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Massive Bitcoin Scam Unveiled: Victim Transfers $71 Million BTC to Fraudster’s Wallet!

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