ZachXBT: $330 Million BTC Hack Linked to Social Engineering Directed at Elderly American

BlockBeats News, April 30th, according to on-chain sleuth ZachXBT, the $330 million Bitcoin transfer event that previously caused Monero (XMR) to surge by 50% on April 28th has been confirmed to be a social engineering theft targeting an elderly individual in the United States. The attacker used social engineering tactics to gain access to the victim's wallet and transferred 3520 BTC (worth $330.7 million).

BlockBeats previously reported that on April 28th, a suspicious transaction occurred at an address, involving a transfer of 3520 Bitcoins (approximately $330.7 million). Subsequently, these funds were laundered through more than 6 instant trading platforms and converted to Monero (XMR), causing a 50% surge in the XMR price.