Thief ZachXBT Initiates Locking of Stolen $330 Million Bitcoin Amount
Chronicles of the Great Bitcoin Heist
Here's the lowdown on the latest colossal Bitcoin crime that's shaking the crypto world. ZackXBT, the renowned crypto sleuth, is on the case, and he's making some thrilling revelations!
ZackXBT and his team made lightning-fast strides in just a matter of days. The heist, estimated at a whopping $330 million, took place on April 28, and ZackXBT has been posting updates like a detective on a mission ever since.
Currently, the team has managed to freeze around $7 million from the stolen loot, but the rest, over $300 million, has still not been accounted for. According to ZackXBT, the two prime suspects are a Somalian named "Nina/Mo,"who operates a call scam center in Camden, UK, and his accomplice "W0rk." Both have mysteriously vanished from the digital landscape, deleting their social media accounts.
The unfortunate victim was an elderly American, and the heist was a fine-tuned operation that used social engineering tactics, making routine security measures seem as useful as a garden gnome against a hurricane. The perpetrators smartly used Monero to launder the stolen funds, leading to a temporary surge in Monero's trade volume.
ZackXBT shed some light on the victim's background, hinting that they were a long-time holder, active on multiple exchanges, before the theft. He also mentioned that the funds had come from "interesting" sources, but he might never disclose the exact details.
The investigators' roles and the extent of their cooperation remain unclear, but one thing is for sure - Binance is actively involved. ZackXBT hinted that the victim's information was likely pilfered from private data leaks, a disturbing trend that was also exploited in an unrelated attack on Binance last month.
The crypto community is hoping that more information about this incident will come to light, paving the way for preventing future heists. Losing over $300 million in a single theft is an extraordinary loss for a crypto whale, making this event quite a historic tragedy.
As always, dear readers, always remember to treat your cryptocurrency securely. Don't fall for social engineering tricks, and keep your crypto wallets safe!
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Enrichment Insights
- The victim was an elderly U.S. citizen who had held over 3,000 BTC since 2017, with little prior significant transactions.
- The theft was executed using advanced social engineering tactics that exploited the victim's trust.
- The stolen Bitcoin was laundered using a peel chain method, involving the creation of smaller, harder-to-trace transactions and the use of privacy coins like Monero.
- ZackXBT and his associates are making progress in the investigation, having frozen around $7 million, but most of the $330 million remains unaccounted for.
Investigators, including ZackXBT, are pursuing a criminal case involving over $300 million worth of Bitcoin, a significant loss for a crypto whale. The perpetrators used advanced social engineering tactics and Monero to launder the stolen funds, raising concerns about the security of all cryptocurrencies and the need for improved general-news coverage on crime-and-justice cases in the financial technology and global crypto markets. Binance is currently involved in the investigation, with potential connections to a recent data leak that exposed private information. This heist serves as a reminder to all crypto users to prioritize security and avoid falling for social engineering tricks, keeping their wallets safe.
