In a stunning turn of events, a cryptocurrency trader fell victim to a $68 million loss in Wrapped Bitcoin (WBTC). The fiasco arose from a tampered transfer record pointed out by the merchant. This incident is a clear example of the “crypto nightmare” and serves as a stark reminder to be careful while transferring and trading cryptocurrencies.
Over $68 Million in Encapsulated Bitcoin Lost A trader lost approximately $68.27 million in encapsulated Bitcoin after unintentionally copying the wrong address from a tampered transfer record. According to a post on X by Scam Sniffer. Cryptocurrency Investigator, the victim transferred 1,155.28 WBTC to the wrong address
The unfortunate incident was revealed only hours ago. This sent shockwaves through the cryptocurrency community. Moreover, within a few hours of the transaction. The price of Bitcoin envelope rose to over $61,000. This increase pushed the value of Bitcoin transferred to more than $70 million. Which indicates more losses for the victim. In addition, more than 97% of the cryptocurrency trader's holdings were wiped out.
