Social Engineering Scam Leads to $91 Million Bitcoin Loss

A significant social engineering scam has resulted in a staggering loss of $91 million in Bitcoin. The incident, which took place on August 19, 2025, highlights the persistent threat of cybercrime in the cryptocurrency world. This sophisticated attack saw the theft of 783 Bitcoin through impersonation tactics that preyed on trust and urgency. Blockchain analyst ZachXBT, a prominent figure in tracking illicit crypto activities on X (formerly Twitter), first brought this substantial loss to light. The details reveal how attackers cleverly mimicked legitimate support channels to gain access to victims’ assets.