His carelessness caused him trouble: 68 million dollars lost!

A mysterious trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an “address poisoning” scam.

The $68 million theft was first revealed by onchain security firm Cyvers in a May 3 X post:

“Are we wrong, or did someone really lose $68 million worth of #WBTC ? Our system detected another address that fell victim to address poisoning and lost $1,155WBTC.”

According to CoinStats, the victim with wallet “0x1E” lost more than 97 percent of his total assets, valued at over $67.8 million.

Scams continue to erode mainstream trust in the crypto industry. In April, investors lost at least $33 million in digital assets in the fraud case surrounding the ZKasino gambling platform. Dutch authorities arrested a suspect in connection with the ZCasino scam on April 29. #altcoins #BlackRock #MicroStrategy #BTC #CryptoWatchMay2024 $BTC