Cryptocurrencies

Blockchain data shows that the attacker tricked a user into sending him 1,155 coins

Blockchain data shows that an attacker who tricked a user into sending him 1,155 wrapped Bitcoin (wBTC) (worth $68 million at the time) returned almost all of the stolen funds. The funds were exchanged for Ether (ETH) during the time period the attacker held them, and the price of ETH dropped.

However, the attacker returned approximately 22,960.07 ETH, worth $65.7 million, which represents more than 96% of the USD value of the funds originally stolen.

The poisoning victim’s wallet address shows that there are more than 22,000 ETH inside. Source: Atharscan.

At 8:47 AM UTC on May 10, several wallets started sending ETH to the account. The first transfer was for 29,999 ETH ($87,199 USD based on the Ethereum price at the time). Over the course of the next day, more than 225 wallet transactions were made from various accounts sending ETH to the victim’s address. The value of each transaction ranged from 29 to 67 Ethereum.

Blockchain Data Shows That The Attacker Tricked A User Into Sending Him 1,155 Coins
Accounts that send ETH to the victim’s address. Source: Atharscan.

By the end of the transaction chain, the wallet had a balance of over 29,000 ETH.

The transfers took place after a series of messages were exchanged between the victim and the attacker. The victim had initially agreed to let the attacker keep 10% of the money as a reward. However, it appears that this deal is no longer on the table, with the striker having returned more than 90% as of press time.

In a report attributed to blockchain security platform Match Systems and seen by Cointelegraph, the platform claimed to have discovered information that “strengthened” the victim’s negotiating position, implying that security experts were making progress toward identifying the attacker.

According to the report, Match Systems “conducted a detailed analysis of the incident and identified several opportunities to strengthen the negotiating position for subsequent communication with the attacker.” As a result, “the hacker returned the entire stolen amount of 22,960 ETH to the victim.” The victim “does not have any complaints against the attacker” at the moment, the report stated.

Cointelegraph reached out to Match Systems to confirm the veracity of the report, but had not received a response at the time of publication.

Address poisoning attacks can cause huge losses to cryptocurrency users. Experts suggest that they can be avoided by carefully checking the receiving address before sending each transaction.

Related: The DEA is being scammed: The agency loses $55,000 in a headline-poisoning scam

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