A recent case of Bitcoin theft involving a massive loss of 3,520 BTC has brought attention to the danger posed by social engineering tactics in the cryptocurrency world. On-chain analyst ZachXBT uncovered that clever manipulation techniques facilitated the crime, with the stolen funds being swiftly moved to another address before the victim became aware of the unusual transaction. 3,520 BTC were taken from an unsuspecting elderly U.S. citizen who fell victim to attackers who obtained personal and sensitive information through phone and email communication. This allowed them to access digital wallets. The investigation reveals how the stolen funds were transferred to a specific location before being exchanged on various platforms for privacy-centric altcoins, effectively obscuring the origin of the funds.