ZachXBT: a crypto user lost $282M+ in BTC and LTC in a hardware wallet social engineering scam; XMR jumped as the attacker began converting the funds to Monero
Partner offers — Quick Take — XMR hit an all-time high of $797.73 on Jan. 14, coinciding with a series …
The Block Daniel Kuhn
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Discussion
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NullTX
Will Izuchukwu
on x
ZachXBT Exposes Hardware Wallet Scam Breach Of $282 Million Involving Monero
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@zachxbt
@zachxbt
on x
On January 10, 2026 at around 11 pm UTC a victim lost $282M+ worth of LTC & BTC due to a hardware wallet social engineering scam. The attacker began converting the stolen LTC & BTC to Monero via multiple instant exchanges causing the XMR price to sharply increase. BTC was also
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@pepperpetey
Pepper
on x
Holy shit! All of us $LTC holders knew something shady was going on but now we know what! Now we can get back on the road to recovery. Thanks Zach.
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@hackapreneur
Justin Wu
on x
gm gm frens another reminder to stay sharp!! as per @zachxbt a single victim lost more than $282M in $BTC and $LTC after falling for a hardware wallet social engineering attack some of the funds were swapped into $XMR which briefly moved the market attacker also used [image]
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@golarrr
Golar
on x
there's always one common thing in these stuffs: Monero $XMR sad it's used for hacks, money laundering, and to purchase illegal items. XMR isn't bad itself, it's just bad actors using it but this proves that it's working exactly as intended: real privacy and anonymity still
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@xenumonero
@xenumonero
on x
Yet again, the cause of the price pump was due a large hack. Is this legitimate? Based on how quickly the purchases were, it seems awfully likely. The last major Monero pump last year was caused in a similar manner. Some may speculate that these are lies meant to downplay
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@tanuki42_
@tanuki42_
on x
Thanks to a tip from @Bitcoin_Vietnam about suspicious activity and a rapid response from the @zeroshadow_io team, over $1M+ of proceeds of this theft have been frozen today. If data sharing in crypto was normalised, substantially more than this could have been caught.
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@beausecurity
Beau
on x
I don't know the details of this particular scam, but hardware wallet social engineering often focuses on compromising your seed phrase. Your HW wallet seed should ALWAYS stay offline. Never enter it onto anything but another hardware wallet. $282M... sheesh.
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@drtnky
DarylTanky
on x
The duality of the “privacy” that CT always speak of I can be 100% certain that your favourite KOLs preaching the “privacy” narrative will be kicking their own balls when they lose their funds I do see the point and value of privacy but I also think that anything to do with
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@tradepro16
@tradepro16
on x
2 million litecoin stolen by scammers and started being swapped into Monero on the 10th. Litecoin is artificially low and Monero is artificially high. [image]