Cyvers in the News

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.}

Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

^{Blockchain security firm Cyvers Alert reported} that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning.

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The modus operandi involves creating addresses strikingly similar to the target’s, employing identical starting and ending characters to deceive unsuspecting victims.

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