Phishing Hack

On April 28, 2025, a social engineering attack led to the theft of 3,520 BTC (~$330.7M) from an individual user.

The attacker used social engineering to deceive an elderly U.S. victim into transferring 3,520 BTC to the address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g. Soon after the theft, the funds began moving through over six instant exchanges and were rapidly converted into Monero (XMR), contributing to a 50% spike in XMR’s price.

This laundering tactic was likely chosen for its privacy features, making tracking difficult. The event has been confirmed as a non-smart-contract exploit, and instead a high-value personal compromise—highlighting ongoing risks from social engineering in crypto.