An unidentified user lost $68 million in cryptocurrency, becoming a victim of a so-called dust attack. Analysts at Cyvers Alerts believe this is the largest recorded loss in the market as a result of such an attack.

The man sent the attackers 1155 WBTC (a wrapped version of Bitcoin for sending on the Ethereum blockchain) and became a victim of a subtype of spam attack known as a dust attack.

The meaning of the attack is as follows: small amounts in cryptocurrencies are sent to the user’s crypto wallet from addresses that are only a few characters different from those to which the person usually makes transfers. Inadvertently, the victim copies the address from which the transfer from the scammers came and uses it to send funds, believing that they will go to the desired wallet.

When viewing the victim's wallet data in the blockchain explorer, the transaction history shows that it received several transfers from addresses that looked extremely similar to the addresses used by the victim previously:

Earlier, the team of the decentralized finance protocol Pike Finance announced that unknown attackers managed to steal 99,970 ARB, 64,126 OP and 479.39 ETH from the project’s accounts for a total of $1.6 million.