ZachXBT monitors hardware wallet fraud causing users to lose over $282 million in cryptocurrency assets

ZachXBT monitoring shows that around 7:00 am (UTC+8) on January 11th, a user lost over $282 million in LTC and BTC due to hardware wallet social engineering fraud. The attacker subsequently converted the stolen LTC and BTC into Monero through multiple instant exchange platforms, causing a short-term increase in XMR prices. Some BTC also crosses the chain to the Ethereum, Ripple, and Litecoin networks through Thorchain. The disclosed stolen address shows a loss of approximately 2.05 million LTC and 1459 BTC.