Blockchain sleuth ZachXBT uncovered a high-profile social engineering assault on Thursday, with the sufferer dropping 783 BTC value round $91.4 million.
The rip-off occurred on Aug. 19 and concerned the attacker posing as a assist agent for a {hardware} pockets earlier than duping the sufferer into handing over pockets credentials.
The assault mirrors a string of social engineering assaults over the previous 12 months and contributes to an already woeful 12 months by way of hacks and scams, with crypto buyers dropping $3.1 billion within the first half of 2025.
As soon as the malicious switch was made, the funds started their journey by way of a typical laundering course of, with a number of deposits made into Wasabi Pockets, a privateness instrument generally used to obfuscate the path.
The hack occurred precisely one 12 months after the $243 million Genesis creditor theft, a landmark occasion that despatched ripples throughout the business and led to the arrest of 12 individuals in California in Might.
