Hacker Targeted a Crypto Whale, Large Bitcoin (BTC) was Theft!

Hackers continue to target the cryptocurrency industry. Apart from small crypto investors, hackers also appear to have captured crypto projects and whales. The moves of hackers cause losses to many investors.

As of today, another major crypto theft has been committed. As a result of this theft, a whale lost $71 million worth of #Bitcoin (BTC) to hackers.

Look On-Chain, a successful data provider, conveyed the details and backstory of this theft via its X/Twitter account with the following words:

Someone lost 1,155 #WBTC (worth $71 million) due to a phishing attack.

Here is what happened behind this attack:

*6 hours ago, this man created a new address named “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91” and transferred 0.05 ETH to this new address.

*The fraudster created a new address with the same starting and ending letters and transferred 0 ETH to himself, thus making the transfer appear in the transaction history.

*Many wallets hide the middle part of the address with “…” to make the user interface look better.

*When the whale wanted to transfer WBTC to its new address, it accidentally copied the address created by the fraudster (because the starting and ending letters of the 2 addresses are the same) and sent all WBTC to the fraudster.

Our readers are advised to double-check each transfer to prevent crypto hackers from stealing their assets.

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