Key Notes

Crypto sleuth ZachXBT reported that a victim lost 783 Bitcoin in a social engineering scam.

The bad actors have laundered the funds through a complex network of addresses.

Crypto users are advised to treat every call or email as a default scam.

On August 19, a victim lost 783 Bitcoin (BTC) in a social engineering scam. At the time, the value of the funds comprised $91 million.

Popular crypto sleuth, ZachXBT, revealed the sophisticated scam on X, noting that the attackers posed as a crypto exchange and wallet support. Notably, this attack reflects the growing incidents of social engineering scams globally.

On Aug 19, 2025 a victim fell for a social engineering scam and lost 783 BTC ($91M) after exchange and hardware wallet customer support were impersonated.

The stolen fund

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