Overview

• Blockchain investigator ZachXBT reported that a single victim lost 783 BTC, worth about $91.4 million, in a social engineering scheme.
• Attackers impersonated both a crypto exchange and a hardware wallet support line via text messages to obtain sensitive credentials.
• On-chain traces show the stolen Bitcoin moving into Wasabi Wallet through multiple deposits consistent with laundering tactics.
• Binance cautioned users about fake SMS alerts and stated it will not contact customers by phone or text for account support.
• No attribution has been made public, and ZachXBT indicated the actors do not appear linked to North Korea, reflecting a wider 2025 rise in human-targeted crypto fraud.