How a teen stole $243M in Bitcoin, then did it again on bail
In August 2024, a social engineering attack led by three teenagers, including 19-year-old Veer Chetal, resulted in the theft of $243 million worth of Bitcoin from a single victim's account. Utilizing impersonation tactics, the group tricked their target into compromising personal accounts and revealing sensitive information. After successfully draining 4,064 BTC, they gained notoriety but also made significant mistakes that led investigators to them. Crypto investigator ZachXBT played a crucial role in exposing the hackers by tracking the stolen funds on the blockchain. Following his arrest and a plea deal, Chetal was released on bail, only to orchestrate another $2 million theft via similar scams targeting unsuspecting individuals. This case not only highlights the vulnerabilities in digital assets but also sheds light on the necessity of parental vigilance in a world where crypto crime is rampant. Lessons regarding the importance of monitoring digital behavior and fostering communication about online risks are underscored in this saga.
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