Social Engineering Exposes Crypto’s $91M Weakness
A high-profile social engineering attack has resulted in the loss of 783 Bitcoin, valued at approximately $91 million, according to reports from blockchain investigator ZachXBT. The incident occurred on August 19, 2025, after the victim was deceived by individuals impersonating customer support agents from a hardware wallet manufacturer and a cryptocurrency exchange. No specific names of the companies were disclosed. The scam leveraged psychological manipulation tactics, exploiting the victim’s trust in customer service to gain access to sensitive account credentials and initiate a large-scale transfer of funds [1].
Following the initial transfer, the stolen funds were moved through Wasabi Wallet, a privacy-focused Bitcoin mixer known…
