In one of 2025’s largest cryptocurrency thefts, 3,520 BTC (worth ~$330.7 million) was stolen from a U.S.-based holder—not by hacking a blockchain, but through a sophisticated social engineering attack.
The attackers posed as trusted service provider ,gradually gained the victims confidence.and manipulated them into revealing sensitive wallet information likely seed pharase.
The theft occure due to human error not a technician flaw
The stolen funds were quickly dispersed in 50+ wallets and laundered through 20 exchanges, making recovery nearly impossible.
What Is Social Engineering
It is a physiological manipulated technique where scammers deceive individual into giving up confidential data.in crypto this may include
Phishing emails
Fake support calls
Impersonation of trusted contacts or plateforms
How to Stay Safe
Never share seed pharases or private keys
Use multi signature wallets for large balance
Enable multi factor authentication (MFA)
Verify all contacts and communication
Be skeptical and urgency or emotional pressure
Bottom line: Blockchain is secure — but the human layer remains the biggest risk
