Massive Social Engineering Scam Steals $91.4 Million Worth of Bitcoin

A sophisticated social engineering attack on August 19, 2025 resulted in the theft of 783 bitcoins, valued at approximately $91.4 million, according to blockchain analytics firm BlockBeats and on-chain expert ZachXBT. The attackers used a deceptive approach targeting popular trading platforms and hardware wallet providers to impersonate customer service representatives. This allowed them to gain access to their victims’ funds, which were later transferred multiple times into Wasabi Wallet for anonymity and complex tracing.