A Bitcoin investor lost 783 BTC, valued at approximately $91 million, after falling victim to a sophisticated social engineering scam, as reported by blockchain investigator ZachXBT. The victim was impersonated by individuals claiming to be customer support representatives for a hardware wallet manufacturer and a cryptocurrency exchange. The scammer executed a series of transactions, including the use of Wasabi Wallet, a Bitcoin mixer, to obscure the stolen funds. This incident occurred precisely one year after ZachXBT alleged that three individuals had stolen 4,064 BTC worth around $243 million through similar tactics. Effective social engineering schemes often involve impersonating legitimate service representatives, a tactic that has previously led to hefty financial losses within the crypto space. The recent incident highlights ongoing vulnerabilities in the cryptocurrency ecosystem where scammers exploit trust to commit fraud, underlining the need for increased awareness and security measures among investors.

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