ZachXBT Exposes $330 Million Bitcoin Heist: Social Engineering Targeted Elderly US Resident

A high-profile blockchain investigator, ZachXBT, has shed light on a major Bitcoin theft, highlighting vulnerabilities in cryptocurrency security. The perpetrator targeted an elderly U.S. resident via social engineering, stealing over $330 million worth of Bitcoin and converting it to Monero, which then witnessed a 50% price surge. This case underscores ongoing challenges in safeguarding digital assets and calls for improvements to user protection protocols, particularly for vulnerable individuals. The incident has also raised concerns about the use of privacy-focused cryptocurrencies like Monero for illicit activities.