Crypto:
30188
Bitcoin:
$68.945
% 3.47
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 68.945
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

68 Million Dollar Bitcoin Stolen in Address Poisoning Attack

Bitcoin

A cryptocurrency investor has lost 68 million dollars worth of Bitcoin (BTC) due to an address poisoning scam.

Blockchain detective ZachXBT shed light on the 68 million dollar Bitcoin theft that took place on May 3rd. A user, due to an “address poisoning” attack, sent 1,115 Bitcoin worth 68 million dollars to an address other than the intended one, which was specified by the attackers. The user realized the address was wrong after making the transfer, but it was too late.

The attackers, who carried out the address poisoning attack by modifying the last addresses in the victim’s transaction history, took advantage of the fact that the careless user did not check the address when sending cryptocurrency to the last address they transferred to.

The 1,115 Bitcoin sent to the attacker’s wallet has not yet been moved.

What is Address Poisoning Scam?

Address poisoning scam is a type of scam that is occasionally encountered in the cryptocurrency sector. Attackers place an address that is very similar to the target address like a Trojan horse, making it difficult to verify the address. In this way, users lose their cryptocurrency by sending it to the wrong address.

How Can You Protect Yourself?

Always be careful when making cryptocurrency transfers and double check the address you are sending to. Also, never send cryptocurrency to addresses you receive from unofficial sources.

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