According to ChainCatcher, a victim lost over $282 million worth of LTC and BTC due to a hardware wallet social engineering scam, as monitored by ZachXBT. Attackers began converting the stolen 2.05 million LTC and 1,459 BTC into Monero through multiple instant exchanges, causing an increase in the price of XMR. Additionally, the stolen BTC has been cross-chained to Ethereum, Ripple, and Litecoin via Thorchain. The stolen addresses include bc1ql...tf86, bc1qp...0wzm, and ltc1q...nr70.
Victim Loses Over $282M in LTC and BTC Due to Social Engineering Scam
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Summary
A victim lost over $282 million in LTC and BTC after falling for a hardware wallet social engineering scam. The attacker moved 2.05 million LTC and 1,459 BTC through instant exchanges, converting them to XMR and pushing BTC price volatility higher. Stolen BTC was cross-chained via Thorchain to Ethereum, Ripple, and Litecoin. The compromised addresses include bc1ql...tf86, bc1qp...0wzm, and ltc1q...nr70. The incident may impact the fear and greed index as traders react to the large-scale theft.
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