Key Highlights:

• A victim fell prey to a social engineering scheme, losing 783 BTC, equivalent to $91 million.
• The fraudster impersonated support for a hardware wallet, tricking the victim into revealing wallet credentials.
• The transferred assets were subsequently funneled through multiple transactions into Wasabi Wallet, a privacy tool that conceals transaction histories.
• This hack coincides with the anniversary of the $243 million theft involving Genesis, highlighting ongoing security flaws in cryptocurrency transactions.

What Happened?

Blockchain investigator ZachXBT recently unveiled this prominent social engineering scam. As the event unfolded on August 19, the attacker pretended to be a support agent for a hardware wallet and captured the victim’s wallet information.

The investigation brings attention to a troubling pattern of such scams, contributing to a dismal record of $3.1 billion lost due to hacks in just the first half of 2025.