QI Quadriga Initiative

May 2024 - Wrapped Bitcoin Whale Address Poisoning Attack - $72.656m (Global)

"On May 3rd, a whale fell victim to an address poisoning attack, resulting in the loss of 1155 WBTC, valued at approximately $70 million."

"victim:
0x1E227979f0b5BC691a70DEAed2e0F39a6F538FD5

wrong address:
0xd9A1C3788D81257612E2581A6ea0aDa244853a91

correct address:
0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91"

"ALERT Are we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC."

Further Analysis

After receiving 0 ethereum from a wallet with a very similar address, a wrapped bitcoin holder made an unfortunate mistake in sending their funds to that wallet instead of their own. The funds were split up and transfered throughout the blockchain, and it doesn't seem clear whether any were recoverable.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

GNUS.ai Discord Private Keys Exposed > > < < Novamind First Rug Pull Token Dump

Sources/Further Reading

SlowMist Hacked - SlowMist Zone (Dec 31)
@MistTrack_io Twitter (Dec 31)
Bitcoin price today, BTC live marketcap, chart, and info | CoinMarketCap (Dec 31)
What Are Address Poisoning Attacks? | Transak (Dec 31)
https://cointelegraph.com/news/address-poisoning-attacks-in-crypto (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan (Dec 31)
Ethereum Transaction Hash (Txhash) Details | Etherscan (Dec 31)
@CyversAlerts Twitter (Dec 31)


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