ZachXBT: Around $70 million in assets frozen out of the $330 million BTC hack

BlockBeats News, May 3rd, According to on-chain sleuth ZachXBT, it was disclosed that about $7 million of the approximately $330 million worth of BTC stolen in a theft targeting a US "OG Bitcoin HODLER" earlier this week has been frozen with the assistance of Binance's security team and other investigators.

The incident is described as a "social engineering scam," with the victim being an elderly user. The 3520 BTC stolen were laundered through multiple exchanges and partially converted to Monero (XMR).