A victim lost 783 BTC, approximately $91.4 million, in a social engineering scam on August 19, 2025. The attacker impersonated a support agent for a hardware wallet and convinced the target to share their wallet credentials. Following the fraudulent transfer, the stolen funds went through multiple deposits into Wasabi Wallet, a tool used to obscure transaction trails, illustrating significant vulnerabilities in crypto security. This theft coincides with a troubling trend in 2025 for hacks and scams within the cryptocurrency space, occurring one year after a notable $243 million theft from a creditor of Genesis. The incident emphasizes ongoing security concerns as scammers continue to exploit weaknesses in blockchain and crypto infrastructures.

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