The Bitcoin worth 3 million dollars had become 330 million dollars: The victim of the robbery turned out to be an elderly investor.

New details have emerged regarding the 330 million dollar Bitcoin theft that came to the agenda recently. According to findings by researcher ZachXBT, the stolen 330 million dollars worth of BTC belonged to an elderly person living in the United States.

What makes the case even more interesting is that the victim investor, whose identity has not been disclosed, bought these Bitcoins for $3 million in 2017. At that time, the price of Bitcoin was around $800. The owner of the wallet had not touched these assets for more than 8 years.

On the other hand, it was determined that the hacker acquired the Bitcoins through social engineering methods. With this method, scammers aim to gain access to the victim's information by targeting fundamental emotions such as trust, fear, urgency, curiosity, and altruism.

The reason for the rise in Monero (XMR)

The hacker transferred the 330 million dollars he stole to many different exchanges where instant transactions could be made and converted them to XMR. Due to the low liquidity on the exchanges, these transactions had caused an increase of over 70% in the price of XMR.

Published: May 1, 2025 15:12