ZachXBT announced today that he, along with several colleagues, has frozen part of the bitcoins stolen in the recent $330 million theft. He named two potential suspects, but the investigation is still ongoing.
There are several strange details in this case. For example, the target was an elderly whale active on multiple exchanges who acquired their assets through ‘it is important to note that’ methods. ZachXBT did not provide further explanations on this matter.
ZachXBT is tracking the theft from an elderly victim.
ZachXBT, one of the most well-known investigators in the crypto industry, has made significant progress in this case in just a few days. The theft first occurred on April 28, and he has been constantly updating information since its inception.
As of today, ZachXBT and other volunteers have frozen $7 million of the stolen funds, but over $300 million remains unaccounted for.
“At this time, over $7 million has been frozen with the help of CF Investigators, tanuki42_, the Binance security team, and me. The two suspects in the $330 million theft include ‘Nina/Mo’, a Somali who runs a phone scam center in Camden, UK, and his accomplice ‘W0rk’, who assisted with the website/calls. They have already deleted their social media accounts,” he stated.
It is evident that the target was an elderly person in the United States. ZachXBT stated that the theft used social engineering tactics, rendering many security measures ineffective.
After the crime, the criminals used Monero for quick laundering of the stolen funds. This created enough trading volume to temporarily impact the asset's price.
Unfortunately, many questions remain unanswered regarding this attack. ZachXBT did not disclose many details about the victim but noted that it was a long-time holder who was active on several exchanges before the theft.
He also stated that $330 million came from ‘it is important to note that’ sources, but may never provide additional details.
ZachXBT did not describe the individual roles of investigators in this operation, but the direct involvement of Binance seems noteworthy. He noted that information about the victim was likely obtained from private data leaks.
Last month, independent attackers used the same method to systematically target the Binance user base.
We hope that additional details about the incident will emerge in the coming days, potentially preventing future occurrences. For the crypto industry, the loss of over $300 million by a single elderly whale is truly an unusual tragedy.#Write2Earn #BinanceSquare #Squar2earn #crypto #Binance $ETH