ZachXBT: A user lost over $282 million in LTC and BTC due to a hardware wallet social engineering scam

According to monitoring by ZachXBT, a victim lost over $282 million in LTC and BTC due to a hardware wallet social engineering scam.

The attackers subsequently converted the stolen LTC and BTC into Monero through multiple instant exchange platforms, causing a temporary surge in XMR prices. Some BTC was also cross-chained to Ethereum, Ripple, and Litecoin networks via Thorchain. A total of approximately 2.05 million LTC and 1,459 BTC have been disclosed as stolen addresses.