Cardano

Million

when

Reversal

A wallet lost 1,155 Wrapped Bitcoin (WBTC), worth over $71 million, due to a sophisticated phishing attack known as 'address poisoning'.
The incident occurred approximately six hours ago when the victim created a new address as “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91” and transferred 0.05 Ether (ETH) to this new address. In a cunning move, the fraudster created an address with the same initials and ending letters and transferred 0 ETH to the victim, causing the transfer 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 his WBTC to his new address, he accidentally copied the scammer's address with the same starting and ending letters. As a result, they transferred 1,155 WBTC worth $71 million directly to the fraudster.
Related News: <a href="https://en.bitcoinsistemi.com/veteran-analyst-speaks-out-on-cardano-ada-can-ada-price-bounce-back-trend-reversal-seen/" target="_blank" rel="noopener noreferrer nofollow">Veteran Analyst Speaks Out on Cardano (ADA) - Can ADA Price Bounce Back? - "Trend Reversal Seen"</a>
Address poisoning is a type of attack where the hacker creates a wallet address similar to the victim's through spoofed address services or address mining and spams the victim with a large number of transactions. If the victim accidentally copies the hacker's fake address, they will accidentally transfer their funds to the hacker instead of their own wallet.
Changpeng Zhao, former CEO of Binance, explained that such attacks can be deceptively effective. “Scammers are now so good at generating addresses with the same starting and ending letters that most people only check this when transferring cryptocurrency,” Zhao wrote in a social media post following a similar security incident in August 2023.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/major-fraud-case-victim-sends-71-million-in-bitcoin-to-fraudsters-wallet-with-his-own-hands/" rel="noopener noreferrer nofollow">Major Fraud Case: Victim Sends $71 Million in Bitcoin to Fraudster’s Wallet with His Own Hands</a>

Major Fraud Case: Victim Sends $71 Million in Bitcoin to Fraudster’s Wallet with His Own Hands

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 3 thg 5, 2024

How can you own a genuine Banksy? The answer’s on the blockchain

Upbit Announced the Listing of Two New Altcoins, There was a Big Jump in Prices!

Bitcoin Transaction Investigation By DOJ Addressed By Block CEO Jack Dorsey: 'We Take Compliance ...

Whale Sells All Tokens Hours After Airdrop

Chronicle Oracles Arrive on zkSync

There Is No Option of Parole For Sam Bankman-Fried – Defense Attorney

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!