CoinsAQ
All news

CoinsAQ summary · neutral

Massive Hardware Wallet Scam: Victim Loses $280M as Funds Move to Monero

What happened

Popular on-chain investigator ZachXBT revealed on Friday that a victim lost over $282 million worth of BTC and LTC due to a hardware wallet social engineering scam. The stolen funds were converted to Monero (XMR), which was among the reasons behind the asset’s massive price.

Related asset context

Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.