365int
An elderly individual in the United States has fallen victim to a sophisticated social engineering attack, resulting in the theft of approximately 3,520 Bitcoin, valued at over $330 million. The incident, which occurred on April 28, 2025, is now recognized as the fifth-largest crypto hack in history.
The attacker employed advanced social engineering tactics to gain access to the victim’s wallet. Once the funds were transferred, they were laundered through over 300 wallets and more than 20 exchanges, including Binance. The stolen Bitcoin was also converted into Monero, a privacy-focused cryptocurrency, making tracking and recovery efforts more challenging.
Experts recommend using multisignature wallets, minimizing exposure to hot wallets, and utilizing hardware-based cold storage to safeguard large cryptocurrency holdings.
