Blockchain sleuth ZachXBT uncovered a high-profile social engineering assault on Thursday, with the sufferer losing 783 BTC price 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 attacks over the previous yr and contributes to an already woeful yr in phrases of hacks and scams, with crypto traders losing $3.1 billion in the primary half of 2025.
As soon as the malicious switch was made, the funds started their journey by means of a typical laundering course of, with a number of deposits made into Wasabi Pockets, a privateness software generally used to obfuscate the path.
The hack occurred precisely one yr after the $243 million Genesis creditor theft, a landmark occasion that despatched ripples throughout the trade and led to the arrest of 12 people in California in Might.
