An investor lost 783 BTC, worth about $91.4 million, after a fraudster impersonating a hardware wallet support agent gained access to their wallet, Coindesk reported. The theft, disclosed by blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term investigator ZachXBT, is one of the largest individual social engineering scams in recent months.

Funds Routed Through Wasabi Wallet

The incident occurred on August 19. The attacker tricked the victim into handing over wallet credentials, allowing them to transfer the Bitcoin. The funds were then moved through Wasabi Wallet, a privacy tool commonly used to hide transaction trails.

The case adds to a series of major crypto scams in 2025. Investors lost $3.1 billion to hacks and fraud in the first half of the year, with social engineering becoming an increasingly common tactic.

The theft also comes exactly one year after the $243 million Genesis creditor hack, which led to multiple arrests in California earlier this year. Both incidents underline how attackers continue to exploit weaknesses beyond technical security.

Security Concerns Persist

The $91 million loss highlights the ongoing risks facing crypto investors, even as firms improve technical safeguards. Analysts warn that impersonation and phishing schemes remain difficult to prevent, with scammers increasingly targeting users through trusted support channels.

North Wales Police has warned cryptocurrency holders to remain vigilant after a victim was defrauded of �2.1 million in Bitcoin. The force described the incident as a sophisticated scam and urged the public to be cautious when approached with unexpected requests involving digital assets.

Read more: BTC Remains Under Trendline; North Wales Police Investigate �2.1M Bitcoin Scam

The scam unfolded as criminals impersonated senior UK police officers and fabricated a story about a supposed security breach. The victim was told that an arrested individuals phone contained personal identification documents linked to them, prompting them to hand over their Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that Read this Term .

The warning comes as Bitcoin faces selling pressure in the market. BTC/USD has been trending lower along a descending trend line on the hourly chart, with horizontal support observed around 112,800. A drop below this level could add to downside momentum, while a breakout above the trend line may draw in intraday buyers.

An investor lost 783 BTC, worth about $91.4 million, after a fraudster impersonating a hardware wallet support agent gained access to their wallet, Coindesk reported. The theft, disclosed by blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term investigator ZachXBT, is one of the largest individual social engineering scams in recent months.

Funds Routed Through Wasabi Wallet

The incident occurred on August 19. The attacker tricked the victim into handing over wallet credentials, allowing them to transfer the Bitcoin. The funds were then moved through Wasabi Wallet, a privacy tool commonly used to hide transaction trails.

The case adds to a series of major crypto scams in 2025. Investors lost $3.1 billion to hacks and fraud in the first half of the year, with social engineering becoming an increasingly common tactic.

The theft also comes exactly one year after the $243 million Genesis creditor hack, which led to multiple arrests in California earlier this year. Both incidents underline how attackers continue to exploit weaknesses beyond technical security.

Security Concerns Persist

The $91 million loss highlights the ongoing risks facing crypto investors, even as firms improve technical safeguards. Analysts warn that impersonation and phishing schemes remain difficult to prevent, with scammers increasingly targeting users through trusted support channels.

North Wales Police has warned cryptocurrency holders to remain vigilant after a victim was defrauded of �2.1 million in Bitcoin. The force described the incident as a sophisticated scam and urged the public to be cautious when approached with unexpected requests involving digital assets.

Read more: BTC Remains Under Trendline; North Wales Police Investigate �2.1M Bitcoin Scam

The scam unfolded as criminals impersonated senior UK police officers and fabricated a story about a supposed security breach. The victim was told that an arrested individuals phone contained personal identification documents linked to them, prompting them to hand over their Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that Read this Term .

The warning comes as Bitcoin faces selling pressure in the market. BTC/USD has been trending lower along a descending trend line on the hourly chart, with horizontal support observed around 112,800. A drop below this level could add to downside momentum, while a breakout above the trend line may draw in intraday buyers.