ZachXBT: $330 Million BTC Theft Was a Social Engineering Scam Targeting an Elderly American

According to on-chain detective ZachXBT, the $330 million Bitcoin transfer event that previously caused Monero (XMR) prices to surge by 50% on April 28 has been confirmed as a social engineering theft case targeting an elderly person in the United States. The attacker used social engineering techniques to gain access to the victim's wallet, transferring 3,520 BTC (worth $330.7 million). The stolen funds were quickly laundered through more than six instant trading platforms and exchanged into the privacy coin XMR, leading to the surge in XMR prices.

It was previously reported that a suspicious transfer occurred on April 28, involving 3,520 Bitcoin (approximately $330.7 million). Subsequently, these funds began to be laundered through more than six instant trading platforms and were exchanged into Monero (XMR), causing XMR prices to surge by 50%.