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BTC Holder Loses $91M After Falling for Fake Support Trap

by Catatonic Times
August 23, 2025
in Altcoin
Reading Time: 2 mins read
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A Bitcoin investor has misplaced round $91 million in a single transaction after being tricked by scammers posing as help workers from a buying and selling platform and a {hardware} pockets firm.

ZachXBT, a blockchain investigator, shared in an August 21 publish on X that the scammers persuaded the sufferer at hand over entry particulars, which led to the switch of 783 BTC


BTC

$115,280.33

.

On August 19 at 11:06 AM UTC, the stolen Bitcoin went to a crypto handle with no historical past, recognized as bc1qyxyk. A day later, the crypto began transferring by way of Wasabi Pockets, a privateness device that mixes cash to make them tougher to trace.

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The method that enabled this loss was not technical hacking however social engineering. Criminals used deception and strain to persuade the goal to disclose delicate particulars like passwords or restoration phrases.

ZachXBT recommended that each surprising message or name is a “rip-off by default” after being requested tips on how to defend in opposition to such scams. This angle might help forestall rushed selections that give attackers a gap.

He additionally careworn that, though the culprits stay unknown, the Lazarus Group, a North Korean hacking group usually linked to crypto crimes, was not accountable on this case.

ZachXBT additionally said that the theft passed off precisely one 12 months after the $243 million Genesis creditor hack. Whereas the 2 circumstances are usually not linked, the timing was hanging.

On August 20, North Wales Police reported {that a} Bitcoin holder misplaced about $2.8 million. How? Learn the total story.



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Tags: 91MBTCfakeFallingHolderLosesSupportTrap
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