tl;dr
A trader lost $68 million in a wrapped Bitcoin scam, where the funds were sent to a fraudulent address. The hacker has requested to communicate with the victim via the Ethereum blockchain after converting the funds into multiple Ethereum addresses. Experts believe it would be challenging for the hac...
A trader fell victim to a wrapped Bitcoin scam, losing an astonishing $68 million after sending the funds to a fraudulent address. The hacker, who converted the stolen funds into multiple Ethereum addresses, has now requested to communicate with the victim through the Ethereum blockchain. Experts believe that laundering the funds without being caught will be a significant challenge for the hacker. The hacker's IPs were traced to Hong Kong-based mobile stations, with the possibility of a VPN being used for the transactions. Furthermore, the hacker conducted similar attacks on the Tron network.
The request for contact via the Ethereum blockchain came after the victim's attempts to reach out to the hacker following the loss of funds. The hacker's message to the victim included a taunt about the significant sum lost, stating, "We both know $7 million is enough to live very comfortably, but $70 million will keep you up at night."
Address poisoning, involving spam transactions from almost identical addresses, led to the unsuspecting trader sending funds to a fake address. The ease with which someone holding such a large amount of cryptocurrency fell prey to this relatively simple ruse puzzled many in the cryptocurrency community.
Post the scam, the hacker swiftly converted the illicit funds into various Ethereum addresses. However, experts express doubts about the hacker's ability to launder the funds without detection. SlowMist, a blockchain security firm, identified the hacker's IPs originating from Hong Kong-based mobile stations, pointing out the potential use of a VPN for the transactions. Additionally, the hacker was involved in similar attacks on the Tron network.
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