"We both know $7 million is enough to live very comfortably, but $70 million will keep you up at night," one of the messages , a trader lost a staggering $68 million worth of wrapped Bitcoin by sending the aforementioned sum to a fraudulent address that looked almost identical to the real one.Address poisoning involves sending spam transactions from almost identical addresses.
The fact that someone with such a huge amount of crypto fell for such a relatively simple ruse puzzled many members of the cryptocurrency community. Shortly after scamming the traders out of their millions, the hacker started converting the ill-gotten funds into multiple Ethereum addresses. However, some experts noted that it would be very challenging for the hacker to actually launder these funds without getting caught. SlowMist, a blockchain security firm, recently further explored the incident. It identified several IPs of the hacker that originate from Hong Kong-based mobile stations. However, it was possible that a VPN was used for conducting the transactions. The hacker also conducted similar attacks on the Tron network.
SHIB Team Member Shares Initial Reason Behind BONE Creation, Ripple CLO Teases XRP Case Resolution, Max Keiser Says Bitcoin 'God Candle' Coming: Crypto News Digest by U.TodaySHIB Team Member Shares Initial Reason Behind BONE Creation, Ripple CLO Teases XRP Case Resolution, Max Keiser Says Bitcoin 'God Candle' Coming: Crypto News Digest by U.Today
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