According to ME News, on August 16 (UTC+8), Bitcoin News posted on X that a long-term Bitcoin holder had all assets withdrawn from their account less than 12 hours after transferring BTC to a major Australian exchange.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, then waited for the holder to deposit BTC into the exchange. The exchange recognized the hacker as the legitimate account owner 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. (Source: ODAILY)
Long-term BTC holder loses $750,000 after Google account is hacked
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Summary
BTC news today reports a major security breach on August 16 (UTC+8), in which a long-term Bitcoin holder lost approximately $750,000 in BTC after their Google account was compromised. The attacker had access for three months, stealing emails and cloud-backed Google Authenticator codes. After the holder deposited BTC into a major Australian exchange, the hacker withdrew all funds. The exchange approved the transaction, mistakenly identifying the hacker as the legitimate user. A withdrawal alert was sent at 3 a.m. The incident underscores the importance of disabling Google Authenticator cloud backups and using hardware security keys such as YubiKey. BTC update: remain vigilant about account security.
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