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Massive Hardware Wallet Scam: Victim Loses $280M as Funds Move to Monero
Jan 17, 2026
< 1 min read
by Jordan Lyanchev
for CryptoPotato
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Popular on-chain investigator ZachXBT revealed on Friday that a victim lost over $282 million worth of BTC and LTC due to a hardware wallet social engineering scam.
The stolen funds were converted to Monero (XMR), which was among the reasons behind the asset’s massive price increase that began last week. The on-chain sleuth added that a big portion of the swiped BTC was bridged to Ethereum, Ripple, and Litecoin via THORChain.
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In This News
Coins
$ 62.16K
-6.89%$ 1.74K
-6.22%$ 44.92
-5.42%$ 354.80
+4.96%$ 0.00237
Predictions Markets
See what traders are focused on
Share:
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