Refund of $70M 'address poisoning' scam ongoing, over 50% returned | Protos
The victim of a $70 million ‘address poisoning’ scam is in the process of being refunded, following on-chain negotiations with the perpetrator. At the time of writing, over half of the funds (14,500 ETH, worth $43.5M) have been returned to the victim’s Ethereum address . Beginning at around 8AM UTC, almost exactly a week after the initial loss of 1155 WBTC, transactions of between 25 ETH ($75k) and 50 ETH ($150k) began to stream into the victims address. The transfers came directly from the hundreds of addresses into which the attacker had previously dispersed the stolen funds. The attackers behind the 1155 $WBTC phishing incident appear to be returning the funds. https://t.co/RLALtihedO pic.twitter.com/mzPf4O2enL — SlowMist (@SlowMist_Team) May 10, 2024 Address poisoning is a method scammers use to trick crypto users into sending funds to an address which appears almost identical to one they have interacted with previously. As crypto security firm SlowMist’s report expla...