A mysterious trade is worth $68 million in a single transaction in an “address poisoning” scam Wrapped Bitcoin (WBTC) lost.

The $68 million theft was first uncovered by onchain security firm Cyvers in an X post dated May 3:

“Are we wrong, or did someone really lose $68 million worth of WBTC? Our system detected another address that fell victim to address poisoning and lost $1,155 WBTC.”

Crypto scams are dangerous!

According to CoinStats, the victim with the “0x1E” wallet lost more than 97 percent of its total assets, worth over $67.8 million.

Scams continue to shake mainstream confidence in the crypto sector. In April, investors lost at least $33 million in digital assets in a fraud case surrounding the ZKasino gambling platform. Dutch authorities arrested a suspect in the ZKasino scam on April 29.

Despite the ZKasino incident, only $25.7 million worth of cryptocurrency was lost to scams and attacks in April. This marks the lowest historical figure since 2021, when on-chain intelligence firm CertiK began tracking data.

According to the report, losses from hacks, exploits and scams decreased by 141 percent compared to the previous month. The decline is largely due to the lack of private key compromise. While there were only three private key leaks in April, there were more than 11 attacks through private key compromise in March.