Exploiter Steals $68M Worth of Crypto Through Address Poisoning

{
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  "id": 40248755,
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  "time": 1714749898,
  "title": "Exploiter Steals $68M Worth of Crypto Through Address Poisoning",
  "type": "story",
  "url": "https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning/"
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{
  "author": "Oliver Knight",
  "date": "2024-05-03T14:13:48.835Z",
  "description": "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.",
  "image": "https://cdn.sanity.io/images/s3y3vcno/production/6923046d9a52fac72269f7dd0d26ff84da658711-3240x1823.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg",
  "logo": null,
  "publisher": "CoinDesk",
  "title": "Exploiter Steals $68M Worth of Crypto Through Address Poisoning",
  "url": "https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning"
}

{
  "url": "https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning",
  "title": "Exploiter Steals $68M Worth of Crypto Through Address Poisoning",
  "description": "The victim was duped by a mimicked 0.05 ether transfer.更新 2024年5月3日  下午2:13已发布 2024年5月3日  下午2:07由 AI 翻译A user unintentionally sent 1,155 wrapped bitcoin to an exploiter's wallet after being targeted by...",
  "links": [
    "https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning",
    "https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning/"
  ],
  "image": "https://cdn.sanity.io/images/s3y3vcno/production/6923046d9a52fac72269f7dd0d26ff84da658711-3240x1823.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg",
  "content": "<div><h2>The victim was duped by a mimicked 0.05 ether transfer.</h2><div><p><span>更新 2024年5月3日  下午2:13</span><span>已发布 2024年5月3日  下午2:07</span></p><a target=\"_blank\" href=\"https://www.coindesk.com/zh/translation-statement\"><svg width=\"22\" height=\"22\"></svg>由 AI 翻译</a></div></div><div><ul><li>A user unintentionally sent 1,155 wrapped bitcoin to an exploiter's wallet after being targeted by address poisoning.</li><li>The scam has been confirmed by various blockchain security firms.</li></ul><hr /><p>A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an address poisoning exploit, according to <a href=\"https://twitter.com/CertiKAlert/status/1786378165050306774\" target=\"_blank\">blockchain security firm CertiK</a>.</p><p>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 and depending on the sender to miss the discrepancy in the intervening characters. Wallet addresses can be as long as 42 characters.</p><div><p><span>不要错过另一个故事.</span><span>今天订阅 Crypto Daybook Americas 新闻通讯. <a target=\"_blank\" href=\"https://www.coindesk.com/newsletters\">查看所有新闻通讯</a></span></p><p><span><span>通过注册，您将收到有关 CoinDesk 产品的电子邮件，并且您同意我们的 </span><a target=\"_blank\" href=\"https://www.coindesk.com/zh/terms\"><span>使用条款</span></a><span> 和 </span><a target=\"_blank\" href=\"https://www.coindesk.com/zh/privacy\"><span>隐私政策</span></a><span>.</span></span></p></div><p>In this case, the exploiter mimicked a 0.05 ether <span><a target=\"_blank\" href=\"https://www.coindesk.com/price/ethereum\"><span><span><span>ETH</span><span><svg height=\"24\" width=\"25\"></svg></span><span>$3,541.12</span></span></span></a></span> transaction before receiving 1,155 WBTC from the victim.</p><p>Security platform <a href=\"https://twitter.com/CyversAlerts/status/1786363410243858869\" target=\"_blank\">Cyvers</a> and blockchain sleuth <a href=\"https://t.me/investigations/114\" target=\"_blank\">ZachXBT</a> confirmed that $68 million had been lost to an address poisoning scam.</p><p>Crypto investors <a target=\"_blank\" href=\"https://www.coindesk.com/tech/2023/12/27/crypto-users-lost-2b-to-hacks-scams-and-exploits-in-2023-defi-says/\">lost $2 billion to hacks</a>, scams and exploits across decentralized finance (DeFi) in 2023 and an additional <a target=\"_blank\" href=\"https://www.coindesk.com/video/crypto-lost-dollar333m-to-hacks-in-q1-of-2024-immunefi/\">$333 million was stolen</a> in the first quarter.</p></div><div><p>Mais para você</p><div><div><p>OwlTing: Stablecoin Infrastructure for the Future</p></div><div><figure><img alt=\"OwlTing Report Open Graph Image\" srcset=\"https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F9279ad8313e84cc2a140760083a30ef273724ccd-2400x1260.png%3Fauto%3Dformat&amp;w=1920&amp;q=75 1x, https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F9279ad8313e84cc2a140760083a30ef273724ccd-2400x1260.png%3Fauto%3Dformat&amp;w=3840&amp;q=75 2x\" src=\"https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F9279ad8313e84cc2a140760083a30ef273724ccd-2400x1260.png%3Fauto%3Dformat&amp;w=3840&amp;q=75\" /></figure><p>Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.</p><p><a target=\"_blank\" href=\"https://www.coindesk.com/research/owlting-stablecoin-infrastructure-for-the-future\">View Full Report<svg width=\"21\" height=\"21\"></svg></a></p></div></div></div><div><p>Mais para você</p><div><p>Solana-Focused Upexi Approves $50M Share Buyback as Digital Asset Treasuries Turn to Repurchases</p><figure><img alt=\"Solana (CoinDesk)\" srcset=\"https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8d0108fd9dd12c13003429c818abb5ab23cd1dc1-3840x2160.png%3Fauto%3Dformat&amp;w=1920&amp;q=75 1x, https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8d0108fd9dd12c13003429c818abb5ab23cd1dc1-3840x2160.png%3Fauto%3Dformat&amp;w=3840&amp;q=75 2x\" src=\"https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8d0108fd9dd12c13003429c818abb5ab23cd1dc1-3840x2160.png%3Fauto%3Dformat&amp;w=3840&amp;q=75\" /></figure><p>The Solana-centric company is joining a growing list of crypto treasury companies opting to buy back shares as investor appetite for DATs vane.</p><div><p>O que saber: </p><div><ul><li>Solana treasury firm Upexi's board authorized a $50 million stock repurchase program.</li><li>Digital asset treasury firms increasingly turn to stock buybacks as share prices tumble.</li><li>Upexi's stock is down 50% in a month and nearly 90% from the April highs.</li></ul></div></div><p><a target=\"_blank\" href=\"https://www.coindesk.com/business/2025/11/13/solana-focused-upexi-approves-usd50m-share-buyback-as-digital-asset-treasuries-turn-to-repurchases\">Leia a história completa<svg width=\"21\" height=\"21\"></svg></a></p></div></div>",
  "author": "@coindesk",
  "favicon": "https://www.coindesk.com/favicons/production/favicon-32x32.png",
  "source": "coindesk.com",
  "published": "2024-05-03t14:07:07.117z",
  "ttr": 62,
  "type": "newsarticle"
}