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Exploiter Steals $68M Worth of Crypto Through Address Poisoning

A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an address poisoning exploit, according to blockchain security firm CertiK. Address poisoning is a technique that involves tricking the victim into sending a legitimate transaction to the wrong wallet address by mimicking the first and last six characters of the true wallet address. In this case, the exploiter mimicked a 0.05 ether (ETH) transaction before receiving 1,155 WBTC from the victim. Security platform Cyvers and blockchain sleuth ZachXBT confirmed that $68 million had been lost to an address poisoning scam.

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