The $91 Million Scam: Bitcoin Investor Falls for Fake Technical Support

A crypto investor just lost 783 Bitcoin (equivalent to $91 million) after becoming a victim of a social engineering scam, according to an on-chain investigation by anonymous expert #zachxbt .

The perpetrators impersonated support staff from a cold wallet and cryptocurrency exchange to gain the victim's trust. After stealing the BTC, they transferred the money through Wasabi Wallet – a coin mixing service designed to obscure the trail, and then dispersed it across multiple wallets.

ZachXBT reported that the incident occurred exactly one year after a similar case, when three individuals used impersonation tactics to steal 4,064 $BTC ($243 million). Two of them were previously arrested in Florida after spending the money on supercars, luxury watches, and real estate.

Social engineering tactics are becoming increasingly sophisticated, from impersonating support staff, faking Google emails, to SIM swapping – taking over the victim's phone number to breach 2FA security. Even SEC employees have been victims, leading to the Bitcoin ETF incident in 2024. #scam

The FBI has repeatedly warned: technical support impersonation scams are among the most common tactics, targeting both crypto investors and regular internet users.

👉 Lesson learned: never share sensitive information, 2FA codes, or wallet keys with anyone, even if they claim to be "support staff."

⚠️ This article provides information only and is not investment advice. #anh_ba_cong