A significant Bitcoin theft, amounting to an estimated $330 million, has been uncovered by renowned on-chain investigator ZachXBT. The theft is believed to have occurred through a sophisticated social engineering attack targeting an elderly individual in the United States. This incident marks one of the largest known thefts involving individuals holding cryptocurrency assets. ZachXBT’s investigation revealed the stolen Bitcoin was subsequently laundered through over 300 wallets and transacted across multiple exchanges, before being converted to Monero for enhanced privacy. This theft highlights the continuing vulnerability of cryptocurrency security in the face of targeted social engineering scams. Its impact on markets is significant, particularly as authorities have yet to issue official statements regarding the case. Security experts urge the need for improved safeguards against such attacks, including increased regulatory attention toward privacy coins.