A cryptocurrency user lost $68 million worth of wrapped bitcoin (WBTC) due to falling victim to an address poisoning exploit, according to blockchain security firm CertiK.
Address poisoning involves tricking victims into sending a legitimate transaction to the wrong wallet address by mimicking parts of the true address.
In this case, the exploiter mimicked a 0.05 ether transaction to receive 1,155 WBTC from the victim, tricking them into sending to the wrong address.
Crypto investors lost $2 billion to hacks, scams, and exploits in DeFi in 2023, showing the prevalent risks in the cryptocurrency space.
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