🚨Crypto Alert!🚨 The scoundrel behind a recent $71 million wallet phishing attack has finally started moving the stolen funds to new addresses. After six days of inactivity, the scammer has converted the stolen 1,155 WBTC into a whopping 23,000 ETH. 🕵️‍♂️

This crafty crook pulled off the heist by creating a wallet address that closely resembled the victim's in an "address poisoning" scam. The victim, like many investors, confirmed the authenticity of the wallet address by checking the first and last few characters. However, the middle characters, often obscured for visual aesthetics, were different. Sneaky, right? 😏

Blockchain investigation firm PeckShield spotted suspicious activity on May 8. The scammer began breaking down the stolen assets into smaller chunks and spreading them across numerous crypto wallets, a tactic aimed at diluting the stolen funds and making them harder to trace. 🕵️‍♀️

Despite the scammer's best efforts, PeckShield's investigation revealed that all the diverted assets can still be traced back to the unidentified scammer. So, the game is still on! 🎯

On a brighter note, April saw a significant decrease in crypto losses from hacks and scams, hitting a record low for the month at just $25.7 million. This is the lowest figure since 2021, thanks to a 141% decline in losses, primarily due to fewer private key compromises. 📉

Stay vigilant, crypto enthusiasts! The world of Bitcoin is full of opportunities, but let's not forget the risks. Always double-check before you transact! 💪🔍🚀