A Bitcoiner lost $91 million in a social engineering attack when deceived by impostors posing as hardware wallet support. The victim transferred 783 BTC in a single transaction, which was traced to a privacy-focused Bitcoin wallet, according to blockchain investigator ZachXBT. The incident occurred on a Tuesday and involved a sophisticated scheme where scammers impersonated a crypto exchange and hardware wallet providers. Blockchain data revealed that the exploitation started at 11:06 am UTC, with the attacker beginning to launder the stolen funds the following day. Social engineering attacks have become prevalent in the crypto space, targeting various individuals, including seasoned investors and the elderly. To mitigate the risk of such attacks, experts recommend treating all unsolicited communications as potential scams. This incident marks the second significant theft connection in a year and underscores the ongoing threat of social engineering in the cryptocurrency sector, where losses from similar attacks are escalating.

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