Long-term Bitcoin holder loses $750,000 after Google account is hacked

ChainCatcher reports that Bitcoin News posted on X that a long-term Bitcoin holder had all assets withdrawn from their account less than 12 hours after transferring BTC to a major Australian exchange. According to a friend, the hacker had compromised the individual’s Google account for approximately three months, gaining access to their email and cloud-backed Google Authenticator verification credentials, and waited for the user to deposit BTC into the exchange. The exchange recognized the hacker as the legitimate account holder and approved the withdrawal; the holder received notification of the withdrawal approval at 3 a.m. The post recommends disabling cloud backup for Google Authenticator and using hardware security keys such as YubiKey; setting up two keys provides a backup in case one is lost.