$91M Bitcoin Lost in Social Engineering Attack – A Wake-Up Call for Crypto Security

A crypto investor lost 783 BTC (~$91M) in a sophisticated social engineering attack. Hackers impersonated support staff, tricking the victim and laundering funds through Wasabi Wallet to obfuscate the trail.

Blockchain investigator ZachXBT urged adopting a “scam by default” mindset—treat every unsolicited contact as fraudulent until proven otherwise. Notably, Lazarus Group was not linked to this case.

This incident highlights the growing threat of crypto theft, with over $2.1B stolen in the first five months of 2025, including the $1.4B Bybit exploit.

📖 Full story via Cointelegraph:
https://cointelegraph.com/news/bitcoiner-loses-91m-social-engineering-attack-zachxbt