August 22, 2025
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Victim Losses $ 91m in Bitcoin in Social Engineering Scam: Zachxbt

A Fraudster Posing As a Hardware Wallet Support Agent Tricked The Target Into Handing Over Wallet Credentials.”, – WRITE: www.coindesk.com

Victim Losses $ 91m in Bitcoin in Social Engineering Scam: ZachxbtA Fraudster Posing As a Hardware Wallet Support Agent Tricked The Target Into Handing Over Wallet Credentials. AUG 21, 2025, 6:13 pm

Blockchain Sleuth Zachxbt Uncovered A High-Profile Social Engineering Attack on Thursday, with the Victim Lozing 783 BTC WORTH AUND $ 91.4 Million.

The Scam Occurred On Aug. 19 And Involved The Attacker Posing As A Support Agent for a Hardware Wallet Before Duping The Victim Into Handing Over Wallet Credentials.

The Attack Mirrors A String of Social Engineering Attacks Over The Past Year and Contributes to An Already Woeful Year In Terms of Hacks and Scams, with Crypto Invistors Lozing $

Theft Wallet (Blockchain.comTheft Wallet (Blockchain.com

Once the Malicious Transfer Was Made, The Funds Began Their Journy Through A Typical Laundering Process, with Multiple Deposits Made Into Wasabi Wallet, A Priesp Tool.

The hack Occurred Exactly One Year After The $ 243 Million Genesis Credator Theft, A Landmark Event That Sent Sent Ripples Across The Industry and Led to the Arrest of 12 PEOple in California in May.

Oliver Knight

Oliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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