Overview
- A single victim lost roughly 1,459 BTC and about 2.05 million LTC on Jan. 10 after divulging a recovery phrase, according to blockchain investigator ZachXBT.
- Large portions of the haul were converted into Monero via instant exchanges, coinciding with a brief XMR surge to a new all-time high near $800 before a pullback.
- Parts of the Bitcoin flow were bridged through THORChain to Ethereum, Ripple and Litecoin to complicate tracing across networks.
- Cybersecurity firm ZeroShadow reported about $700,000 in assets were flagged and frozen before being fully converted into privacy-focused coins.
- ZachXBT linked the theft to a wider early-January wallet-draining campaign and said there are no indicators of state-backed involvement.