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$91M Bitcoin Heist: Exchange Day Social Engineering Scam Rocks Crypto World

$91M Bitcoin Heist: Exchange Day Social Engineering Scam Rocks Crypto World

Published:
2025-08-22 09:55:00
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Digital bandits just pulled off one of the slickest heists in crypto history—no guns, no masks, just pure psychological manipulation.

The Human Firewall Failure

Forget hacking complex algorithms—these attackers bypassed security by exploiting the oldest vulnerability in the book: human psychology. They didn't crack codes; they cracked people.

The $91M Reality Check

While traditional finance worries about fractional reserve banking, crypto's proving you don't need to print money to lose it—just one clever social engineer can vaporize nine figures faster than you can say 'decentralization.'

The Irony of Trust

The very industry built to eliminate middlemen just got reminded why trust remains the most expensive commodity in finance—whether it's wrapped in blockchain or old-fashioned paperwork.

In a shocking turn of events, blockchain sleuth ZachXBT has uncovered a sophisticated social engineering scam that netted scammers $91 million in Bitcoin. The crypto scam, which occurred on August 19, 2025, duped a victim into h... Read More

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