Binance Alert: $330M Bitcoin Heist Linked to Social Engineering Scam Targeting U.S. Senior

A sophisticated social engineering scam has led to the theft of $330 million worth of Bitcoin, one of the largest crypto heists in history. Blockchain analyst ZachXBT uncovered that the victim was an elderly individual in the U.S., likely manipulated via a phone-based scam to gain access to their crypto wallet. This incident underscores the critical need for enhanced security measures and vigilance in the cryptocurrency space, particularly for vulnerable users. As the crypto market continues to grow, such high-profile heists highlight the importance of platforms like Binance in promoting secure trading practices and educating users on potential threats.

$330M Bitcoin Heist Traced to Social Engineering Scam Targeting U.S. Senior

A sophisticated social engineering scam has resulted in the theft of $330 million worth of Bitcoin, marking one of the largest crypto heists to date. Blockchain analyst ZachXBT spearheaded the investigation, revealing that the victim was an elderly individual in the United States.

Authorities suspect the attackers used a phone-based scam to manipulate the victim into granting access to their crypto wallet. While full recovery of the stolen funds remains unlikely, Binance and ZachXBT have successfully frozen approximately $7 million linked to the theft.

The incident underscores the vulnerabilities in crypto security, particularly for less tech-savvy individuals. Social engineering tactics continue to evolve, posing significant risks to digital asset holders.

Crypto Market Update: Shiba, TURBO, and TST Coin Show Resilience Amid Fed Week Volatility

Bitcoin traded at $95,680 as markets braced for heightened volatility during a critical Fed decision week. Despite a brief dip to $95,200, BTC showed signs of recovery NEAR the daily close. All eyes remain on Powell’s tone, with traders hoping for continuity rather than unexpected dovishness.

Against a backdrop of widespread red across crypto markets, TURBO and TST Coin emerged as outliers on Binance, posting near double-digit gains. These performances highlight the selective opportunities still present even during turbulent periods.

Shiba Coin maintains trader interest as meme coins continue demonstrating surprising resilience. The sector’s ability to defy broader market trends persists, though all assets face potential turbulence from macro developments this week.