A substantial crypto heist of 783 Bitcoin, worth over $91 million, has been uncovered following a sophisticated social engineering scam targeting the user on August 19, 2025. Blockchain investigator ZachXBT revealed details of this incident, highlighting the growing threat of such attacks in the cryptocurrency world. The investigation points to a worrying trend of scammers impersonating both exchange and hardware wallet support teams through SMS and direct messaging. 783 Bitcoin stolen from the user is a significant financial loss for the individual involved, sparking concerns about user security and market stability. Binance has issued warnings about this new trend, urging users to exercise caution regarding potential deception. The incident’s impact on trust and market sentiment remains notable. However, there haven’t been any immediate price fluctuations in the Bitcoin market despite the theft. Despite this, the incident raises concerns about potential vulnerabilities in the industry, especially as it emphasizes a need for stricter security measures and improved user awareness. Blockchain experts stress the importance of multi-factor authentication and verification practices to protect users against such attacks. As the crypto sector continues to grow, ensuring robust security remains critical.