Ethereum

Wrapped Bitcoin

Bitcoin

<div class="dailyhodl">
 <p>A crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack, according to the blockchain security firm CertiK.</p>
 <p>Address poisoning usually involves a scammer sending a wallet a tiny amount of crypto via an address that’s designed to look similar to the wallet’s, according to an explanation provided by Ledger, a digital asset wallet provider.</p>
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 <p>The ploy is designed to trick wallet holders into mistakenly copying the scammer’s address from their transaction history and having funds sent to that wallet instead.</p>
 <p>In this instance, CertiK notes that a scammer mimicked a transfer of 0.05 Ethereum (ETH), which tricked the victim into sending 1,155 WBTC worth $69.3 million to the wrong address.</p>
 <p>WBTC is an ERC-20 token pegged to the price of&nbsp;BTC, allowing traders to speculate on Bitcoin while staying within the Ethereum ecosystem. The 16th-ranked crypto asset by market cap is trading at $62,953 at time of writing and is up nearly 7% in the past 24 hours.</p>
 <p>The blockchain security firm Peckshield notes that the scammer swapped out the stolen WBTC for 23,000 ETH and then transferred them out.</p>
 <p>Ethereum is trading at $3,116 at time of writing. The second-ranked crypto asset by market cap is up more than 4% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/wrapped-bitcoin-wbtc-wallet-loses-69-300-000-worth-of-crypto-in-apparent-address-poisoning-scam-tbt87460.html">https://thebittimes.com/wrapped-bitcoin-wbtc-wallet-loses-69-300-000-worth-of-crypto-in-apparent-address-poisoning-scam-tbt87460.html</a></p>

Wrapped Bitcoin (WBTC) Wallet Loses $69,300,000 Worth of Crypto in Apparent Address Poisoning Scam

TheBitTimes

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