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 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.

Source: Finance Magnates