CertiK, a blockchain security firm, has reported that a crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack. Address poisoning occurs when scammers send a small amount of crypto to a wallet using an address that looks similar to the recipient’s. The intention is to deceive wallet holders into copying the scammer’s address from their transaction history and sending funds to the wrong wallet. In this case, the scammer imitated a transfer of 0.05 Ethereum (ETH), causing the victim to mistakenly send 1,155 WBTC worth $69.3 million to the incorrect address. WBTC is an ERC-20 token linked to the price of BTC, enabling traders to speculate on Bitcoin while staying within the Ethereum ecosystem. Currently, WBTC is trading at $62,953, experiencing a nearly 7% increase in the past 24 hours. Peckshield, another blockchain security firm, has noted that the scammer exchanged the stolen WBTC for 23,000 ETH before transferring them out. Ethereum is currently trading at $3,116, with a more than 4% increase in the past 24 hours.