ZachXBT revealed that in a case of Bitcoin theft targeting elderly investors in the United States, approximately $7 million of the $330 million in funds has been frozen with the assistance of Binance. The victims fell victim to social engineering attacks, resulting in 3,520 BTC being transferred out and laundered to Monero through multiple exchanges. Two suspects have been identified, one of whom is a Somali operating a UK fraud gang. The incident highlights the risks faced by early investors when security measures are inadequate.