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 help 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 yr and contributes to an already woeful yr when it comes to 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 via a typical laundering course of, with a number of deposits made into Wasabi Pockets, a privateness device 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 folks in California in Might.