An elderly man from the USA had 3520 BTC stolen.

The elderly resident of the USA lost 3520 BTC — at the time of the incident, this amounted to around $330 million. The criminals posed as support service representatives and used social engineering to gain access to the wallet, where the cryptocurrency had been stored since 2017.

After gaining access, the BTC was instantly withdrawn and distributed among hundreds of addresses. The funds were split, passed through more than 20 exchanges, and part was converted to anonymous Monero (XMR). This triggered a 50% increase in the XMR price.

Due to the architecture of Monero and the use of mixers, tracking the transactions became impossible. Most likely, the assets will not be recoverable.

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