A crypto owner lost over $282 million in Bitcoin
and Litecoin
due to a social engineering attack.
According to a report by ZachXBT, a blockchain investigator, this incident occurred on January 10, when the scammer impersonated Trezor support and persuaded the holder to disclose the recovery phrase for their hardware wallet.
Once obtained, the attacker accessed the wallet and transferred large sums of cryptocurrency.
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The assets included nearly 1,459 Bitcoin (worth around $139 million) and almost 2.05 million Litecoin (about $153 million).
The attacker did not keep the funds in one place. Instead, the assets were dispersed across different chains to mask the trail. A considerable amount was exchanged for Monero
.
Some of the stolen Bitcoin was sent via THORChain to wallets associated with Ethereum
, Ripple, and Litecoin blockchains.
The security company ZeroShadow stated in a post on X that approximately $700,000 of the stolen funds were stopped and frozen within 20 minutes of spotting the unusual wallet movements.
ZachXBT clarified that there was no indication of North Korean involvement in this case, following speculation about who might be responsible.
Recently, a vulnerability in Truebit’s code enabled an attack that generated about $26 million in new tokens. What did the blockchain security firm SlowMist say? Read the full story.
