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.
Despite the ZCasino incident, $25.7 million worth of cryptocurrency was lost due to fraud and attacks in April alone. This figure marks the lowest historical figure since 2021, when on-chain intelligence firm CertiK started tracking the data.
According to the report, losses due to hacks, exploits and frauds decreased by 141 percent compared to the previous month. The decline is largely due to private keys not being compromised. While there were only three private key leaks in April, there were more than 11 attacks by stealing private keys in March.
