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Cryptocurrency Investor Loses $70 Million in Six Hours: Address Poisoning Attack

Posted on the 05 May 2024 by Phil's Stock World @philstockworld

A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin ( WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community.

According to a post by Lookonchain on the X, the unfortunate investor created a new address, "0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91," and transferred a small amount of Ethereum ( ETH), approximately 0.05 ETH, to this newly generated destination.

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