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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).
The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 11-17.
Bitgo is pleased to announce the official launch of WBTC on Kava. Since 2018, Wrapped Bitcoin (WBTC) has created additional liquidity “for decentralized exchanges and enhanced all decentralized applications (dApps) with BitGo Trust Company as the designated custodian.
In recent on-chain data analysis, a significant player in the cryptocurrency market has been observed accumulating Ethereum (ETH) while offloading Wrapped Bitcoin (WBTC) through the decentralized finance (DeFi) protocol Aave.
In recent weeks, a notable entity within the cryptocurrency sphere has made substantial acquisitions, amassing nearly $53 million in Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, as per insights from blockchain analysis firm Lookonchain.
A single crypto whale has gobbled up nearly $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, according to the blockchain tracker Lookonchain. Lookonchain notes that the whale spent 20 million of the stablecoin USDC earlier this week to buy $10 million worth of ETH and $10 million worth of WBTC.
Despite the numbers, on-chain data suggests that ZETA and INJ movements could be tied to token distribution to early investors.
The crypto market might be about to experience a further downturn as a recent development suggests an imminent selloff is on the horizon. This comes following the recent market moves by Grayscale, which is believed to be responsible for the recent decline in Bitcoin's price.
Two prominent institutions in their bankruptcy liquidation phase, Celsius and FTX, have been actively engaged in massive crypto asset transfers. Celsius and FTX moved millions worth of Ethereum (ETH), Polygon (MATIC), and Wrapped Bitcoin (WBTC) to exchanges.
A prominent whale address, beginning with 0x454, has orchestrated a series of transactions that are causing ripples across the digital asset landscape.
A major cryptocurrency whale has managed to make a significant profit trading wrapped Bitcoin (WBTC). WBTC is an ERC-20 token pegged backed by BTC and pegged to its price at a 1:1 ratio.
An unknown crypto trader has been spotted on-chain clocking massive profits trading Wrapped Bitcoin (WBTC). According to blockchain tracking service Lookonchain, three wallets belonging to one “smart whale” deposited 1,957 WBTC worth $74.6 million into Binance on Friday.
In a recent turn of events, Wrapped Bitcoin (WBTC) has captured the attention of crypto enthusiasts as it embarked on an impressive uptrend driven by the buzz surrounding the BlackRock ETF announcement. This surge comes after a period of consolidation that lasted for months.
Kraken is the next major Canadian exchange to wind down support for stablecoins amid regulatory pressure.
