Scam Alert: $91 Million in Bitcoin Disappears in a Blink 😨
A shocking $91 million worth of Bitcoin (approximately 783 BTC) vanished when fraudsters impersonated wallet and exchange support. Using a convincing ruse, the victim was tricked into giving up access—and within moments, their funds were gone. To make matters worse, the thieves are already laundering the stolen assets via a privacy-focused wallet. $BTC
Deceptive Tactics Strike on a Milestone Anniversary ⏰
Interestingly, this heist happened exactly one year after a massive $243 million theft from Genesis creditors. Analysts warn that past breaches leave user data exposed—making it easier for scammers to pull off such social engineering attacks. One seasoned investigator bluntly advises: approach every unexpected call or email as a potential scam. $ETH
Social Engineering Dominates Crypto Theft Trends 🔐
Data shows that in the first half of 2025, over $2.1 billion was swiped in crypto-related breaches—and more than 80% of those were driven by social engineering or insider threats. The average hack size has doubled compared to last year, underlining how attackers are scaling their operations. $XMR
Privacy Tools Fuel Laundering—Funds Already Dispersing 🌀
Once stolen, the Bitcoins were swiftly funneled through Wasabi’s CoinJoin mixer to scramble the trail. This laundering makes tracing the crypto notoriously difficult—raising the risk that these stolen funds may soon re-emerge on exchanges or OTC markets.
Lessons for Every Investor ⚠️
This incident is a strong reminder that protecting private keys and staying cautious with unsolicited messages is non-negotiable. Even a single mistake can lead to massive losses, making cybersecurity awareness just as critical as investment strategy.
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