Massive Hardware Wallet Scam: Victim Loses $280M as Funds Move to Monero

Jan 17, 2026 - 08:00
Massive Hardware Wallet Scam: Victim Loses $280M as Funds Move to Monero
The attacker then used THORChain to swap the funds. Popular on-chain investigator ZachXBT revealed on Friday that a victim lost over $282 million worth of BTC and LTC due to a hardware wallet social engineering scam. The stolen funds were converted to Monero (XMR), which was among the reasons behind the asset’s massive price increase...

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