Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.
Stolen crypto funds linked to a recent $71 million wallet impersonation scam are on the move after six days of silence.
On May 3, an investor sent $71 million worth of Wrapped Bitcoin (WBTC) to a bait wallet address, falling victim to a wallet poisoning scam. The scammer created a wallet address with similar alphanumeric characters and made a small transaction to the victim’s account.
Like most investors, the victim validated the wallet address by matching the first and last few characters and transferred 97% of their total assets to it. However, the difference would have been noticeable in the middle characters, often hidden on platforms to improve visual appeal.