Blockchain Sluce ZACHXBT discovered the famous social engineering attack on Thursday, with the victim losing 783 BTC worth around $91.4 million.
The scam occurred on August 19th, when attackers were posing as support agents for hardware wallets before handing over the wallet credentials to the victim.
The attack reflects a series of social engineering attacks over the past year, contributing to a disastrous year in terms of hacking and fraud, with crypto investors losing $3.1 billion in the first half of 2025.
Theft Wallet (blockchain.com)
Once the malicious transfer took place, the funds began their journey through the typical laundry process. Multiple deposits have become Wasabi Wallet, a commonly used privacy tool to obfuscate trails.
The hack came exactly a year after the theft of a $243 million Genesis creditor. This is a landmark event that caused a stir throughout the industry and arrested 12 people in California in May.
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