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The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale.
21.co launches 21BTC, enabling Bitcoin's secure and efficient use on the Solana blockchain for improved DeFi integration. The post 21.co debuts Wrapped Bitcoin on Solana, targeting $1 trillion in idle Bitcoin funds appeared first on Crypto Briefing.
Experts discovered personal information about the attacker by investigating IP addresses and device data connected to the attack.
As analysts raised the possibility of a spot Ethereum (CRYPTO: ETH) ETF approval, big whales ramped up their bullish bets on the world's second-largest cryptocurrency. What Happened: James Fickel, one of the wealthiest cryptocurrency investors, swapped 350 Wrapped Bitcoin (CRYPTO: WBTC) for 6,905 Ether earlier in the day, according to on-chain tracking platform Lookonchain.
A crypto whale who lost $71 million worth of wrapped bitcoins in a dusting attack has recovered the stolen funds after the attacker unexpectedly returned the loot
Binance completes integration of Wrapped BTC (WBTC) on Kava EVM and Bonk (BONK) on BNB Smart Chain, facilitating deposits and withdrawals.
Details of the negotiations between the scammer and victim are not available as it appears the discussion took place on Telegram.
On-chain transactions leading up to the return suggest this wasn't a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved.
In a dramatic turn of events, an attacker returned the entirety of funds stolen from a cryptocurrency whale in just a week. What Happened: According to on-chain tracking platform, Lookonchain, the whale lost more than $70 million in Wrapped BItcoin (CRYPTO: WBTC) to a phisher who tricked them into sending their funds to an address that resembled their own.
Blockchain data shows that nearly 23,000 ETH was transferred into the victim's account after negotiations opened on May 10.
In the aftermath of a harrowing crypto incident, a scammer who absconded with a staggering $71 million worth of WBTC from a trader has now begun refunding in Ethereum, a development that has sparked intrigue across the global crypto community. As per insights revealed by various on-chain analytics platforms on May 10, it was disclosed
The crypto scammer behind the poisoning attack, responsible for stealing wrapped bitcoin (WBTC) worth $71 million, contacted the victim and asked for their Telegram details before sending over 51 ETH, equivalent to approximately $151,600. The interaction, made known by the crypto investigator ZachXBT, was carried out on the Ethereum blockchain via an input data message
Following a wallet impersonation scam resulting in the theft of $71 million in WBTC, the stolen funds have begun moving after six days.
A $71 million WBTC theft involving a wallet impersonation scam highlights ongoing security challenges in the crypto world. Learn how the funds were laundered and the implications for crypto security.
Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.
The past few months of 2024 looked like the calm before the storm, with much fewer rug pulls, scams and bridge exploits compared to previous periods. A new way to divert funds is making the rounds and is affecting bigger wallets.
A crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack, according to the blockchain security firm CertiK.
An investor lost over $71 million in WBTC to a poisoned address scam, as reported by blockchain security experts CertiK and Cyvers. The post Investor loses $71 million in WBTC, tricked by poisoned address appeared first on Crypto Briefing.
A poisoning attack involves the attacker mimicking the victim's address to trick them into sending funds to the wrong destination.
ZachXBT reports $68 million WBTC loss due to address poisoning and phishing.
In a staggering turn of events, a crypto trader fell victim to a $68 million loss of Wrapped Bitcoin (WBTC). The fiasco stemmed from a contaminated transfer history that the trader referred.
Justin Sun's crypto exchange Poloniex sees WBTC trading at a 20% discount, raising concerns over its peg to Bitcoin.
Wrapped Bitcoin (WBTC) has recently captured attention with a notable 5.12% decline in price over the past 24 hours. This unexpected downturn has sparked speculation and analysis as investors seek to understand the underlying factors driving this reversal and its broader implications for the cryptocurrency ecosystem.
Institutional holders of bitcoin who want to earn a yield on their assets in commonly used DeFi protocols today can only do so in size by sending it to BitGo for wrapped bitcoin (wBTC).
