Home » ZachXBT Helps Freeze $7M After $330M Bitcoin Theft From Elderly Holder

ZachXBT Helps Freeze $7M After $330M Bitcoin Theft From Elderly Holder

05.05.2025 16:00 1 min. read Alexander Stefanov
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ZachXBT Helps Freeze $7M After $330M Bitcoin Theft From Elderly Holder

A decades-long Bitcoin holder has reportedly lost over $300 million in a devastating crypto theft — one of the largest in recent memory.

The attack, believed to be the result of social engineering, targeted an elderly U.S. investor and led to the draining of more than 3,500 BTC in a single transaction.

Blockchain investigator ZachXBT, who has been tracking the case, says the victim was manipulated into handing over sensitive credentials through a network of fake websites and phone scams.

The stolen funds were quickly funneled through various crypto exchanges and ultimately converted into Monero, a privacy coin known for its untraceable transactions.

Although most of the funds have vanished into anonymity, a small portion — around $7 million — has been successfully frozen with the help of Binance and onchain analysts.

The suspects, identified as two individuals allegedly operating a scam ring in the UK, have since gone dark, deleting all social media profiles after being publicly named.

The incident has reignited concerns about aging crypto holders who may not have adopted newer, more secure storage practices. While authorities and blockchain analysts continue their investigation, this case stands as a stark reminder of how vulnerable even the most experienced investors can be to manipulation.

С над 8 години опит в индустрията на криптовалутите и блокчейн, Александър е опитен създател на съдържание и пазарен анализатор, посветен на това да направи дигиталните активи по-достъпни и разбираеми. Той е специалист в разбиването на сложни крипто тенденции, анализирането на пазарни движения и създаването на задълбочено съдържание, насочено към образованието както на новодошлите, така и на опитни инвеститори. Александър е изградил репутация на човек, който предоставя навременни и точни анализи, като същевременно следи отблизо регулаторните промени, нововъзникващите технологии и макроикономическите тенденции, които оформят бъдещето на дигиталните финанси. Работата му се корени в страстта към иновациите и твърдото убеждение, че широко разпространеното образование е ключ към ускоряване на глобалното приемане на криптовалутите.

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