Kraken User Loses $18.2M in Social Engineering Scam; Funds Moved via THORChain
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Kraken user lost $18.2M in a suspected social‑engineering scam; attacker began moving funds about 45 minutes after the compromise. On‑chain tracing (ZachXBT) shows an 878 ETH swap (~$1.8M) and cross‑chain bridge via THORChain to 26.6 BTC, with a SafePal wallet used to obscure the trail. Signals rising security risk for CEX users and DeFi/bridge abuse for laundering; underscores need for stronger crypto custody and anti‑social‑engineering measures.
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- Kraken user loses $18.2M in scam, funds bridged via THORChain within 45 mins.
- Attacker swapped 878 ETH to BTC, using SafePal to obscure the fund trail.
- ZachXBT links case to rising social engineering scams targeting crypto users.
A crypto user on the Kraken exchange has lost $18.2 million in a suspected social engineering scam, according to on-chain investigator ZachXBT.
Notably, ZachXBT revealed that the threat actor began moving funds roughly 45 minutes after the compromise, bridging assets from Ethereum to Bitcoin using THORChain. The attacker utilized a SafePal wallet during the process.
On-chain data shows an initial swap involving 878 ETH worth approximately $1.8 million at the time. The transaction was later completed, converting the funds into 26.6 BTC.
The movement of funds across chains suggests an attempt to obscure t…
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Coins
$ 64.61K
-2.59%
$ 1.81K
-1.50%
$ 0.00246
$ 1.81K
-1.72%Funds
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In This News
Coins
$ 64.61K
-2.59%$ 1.81K
-1.50%$ 0.00246
$ 1.81K
-1.72%Funds
Predictions Markets
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