Cyvers in the News

Trader loses $68M in address poisoning scam

An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam.

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^{The $68 million theft was first revealed by on-chain security firm Cyvers in a May 3 X post:}

^{“Are we mistaken, or has someone truly lost $68 million worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 $WBTC.”}

Exploiter Steals $68M Worth of Crypto Through Address Poisoning

A user unintentionally sent 1,155 wrapped bitcoin to an exploiter's wallet after being targeted by address poisoning.

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^{Security platform Cyvers and blockchain sleuth ZachXBT confirmed that $68 million had been lost} to an address poisoning scam.

Crypto user loses $69.3m to address poisoning scammer

On-chain investigator ZachXBT and crypto security provider Cyvers corroborated the news. ^{Cyvers CTO Meir Dolev said the case was “probably the highest value lost due to an address poisoning scam” to date.}