[Social Engineering Scam on Hardware Wallets Causes User Losses Exceeding $282 Million, with Large Funds Already Laundered Across Chains] According to PeckShield citing ZachXBT, on January 10, 2026, a user reportedly lost over $282 million worth of BTC and LTC due to a social engineering attack targeting their hardware wallet. The attacker transferred 928.7 BTC (approximately $71 million) cross-chain via THORChain to the Ethereum, Ripple, and Litecoin networks, converting them into 19,631 ETH, 3.15 million XRP, and 77.2K LTC. Subsequently, 1,468 ETH was sent to Tornado Cash, while over 2,400 ETH was distributed to exchanges such as WhiteBit, KuCoin, and Huobi for laundering operations.