Chain investigator Zachxbt shed more light on a recent case of BTC fishing, which took 3,520 BTC from a single wallet. Apparently, the funds were stolen in a personalized scam targeting older investors.
Chain investigator Zachxbt shed more light on the recent robber who obtained 3,520 BTC from a single wallet. The robber noticed during Monero (XMR). Gathered Up to a year’s height as the thief was trying to cash out through anonymous coins.
ZachxBT reported that $7 million was tracked and frozen with the help of other chain investigators and Binance’s team.
Update: So far, $7 million+ has been frozen with @CFInvestigators, @Tanuki42_, Binance Security Team and my help.
– Zachxbt (@zachxbt) May 2, 2025
The robbers were traced to two social media personalities operating from the UK, Nina/MO and W0RK. The scammer later deleted social media, but left the truck on the Bitcoin chain.
The targeted individual is based in the US and had little trouble maintaining BTC after moving funds to a new address about a month ago. Target’s wallet belongs to a relatively early BTC whale and used Gemini to build a large wallet.
Investigators suspect they trust the scammers enough to reveal their wallets and send money. No malware or smart contracts are involved. Confidence Games also spoofs investment opportunities with deposit links for crypto.
BTC Fishing Funds are exchanged or stored in new wallets
Robbers targeting BTC are relatively rare, as coins are not held in easy-to-access Web3 wallets. However, the fishing team still managed to achieve their goals to expose their wallets.
Some funds are still kept at new addresses with small holdings and are divided into small amounts 5 BTC. Over 17 BTC sent to Kucoin Hot walletit may intercept funds.
hacker address I received multiple transactions from the victim and the largest transaction of 2.78K BTC in one transaction. Investigators have not answered whether the victim was willing to send the transaction or whether the wallet keys were breached.
BTC theft is rare and still rare. This is because most confidence scams often rely on using Stablecoins. However, the pattern of attacking older investors remains effective. Stablecoins are easier to hide P2P Market Like a Huione guarantee.
Following the theft, XMR prices remained rising at over $280. Most of the XMR volume was concentrated on Kucoin. Almost 47% of all XMR activities are trapped in several pairs of Korean exchanges.
One obstacle for hackers is the inability to pull the XMR out of the exchange. The coin saw a very high volume as other traders took part.
Kucoin only shares BTC, ETH and Stablecoins reserves, and data on actual XMR cannot be withdrawn. During the exchange, XMR does not provide actual privacy. However, Kucoin is not mentioned as one of ZachxBT’s assistants for intercepting some funds.
MEXC exchanges were also used for some swaps. Market operators do not share XMR or other available reserves.
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