Binance Freeza USD $ 7 million linked to the theft of 3,520 BTC to a user in the US

Zachxbt He revealed that part of the funds stolen from an elderly person in the US Binance, This in collaboration with independent researchers who helped in the case.

***

• Binance and researchers Blockchain They managed to freeze USD $ 7 million of the USD $ 330 million stolen.
• The attack was an elaborate social engineering scheme aimed at an older adult.
• Two suspects have been identified; One operated from a scam center in the United Kingdom.

This week it was learned that an older person, owns Bitcoin In the US. He was the victim of a complex fraud that culminated in the theft of more than BTC 3,520, equivalent to approximately USD $ 330 million at the time of the incident. However, new data on the fact indicate that part of the funds were frozen, this due to the joint effort of various parts.

This was revealed by the independent researcher known as Zachxbt, who indicated that a part of the stolen funds has been recovered. Approximately USD $ 7 million were frozen thanks to the collaboration with Binance And cybersecurity experts, just days after the reports related to theft.

A silent robbery to a pioneer of Bitcoin

Last Sunday, Zachxbt detected an unusual transfer of BTC 3,520, which at that time were equivalent to about USD $ 330 million. The signal was clear: Someone had emptied a wallet linked to an old and respected community member Bitcoin.

Days later, the researcher confirmed that the owner of the portfolio was a elderly person who had been the victim of a Phishing scam. These tactics, also known as “social engineering”They usually involve false calls or emails to extract private credentials.

Unlike more technical attacks, this case focused on emotionally manipulating the victim to deliver access to her wallet. “It was a human operation, not an automated hack”Said the analyst.

Traced and partially recovered funds

Once stolen, the BTC They were quickly moved through at least about six exchanges, and then converted into Monero (xmr), a cryptocurrency known for its high level of privacy. As a collateral effect, the price of XMR He climbed significantly.

However, the movements did not go unnoticed. Binance, together with researchers Zachxbt, Tanuki42 and the team of Crypto Forensic InvestigatsThey managed to continue part of the trail. As a result, about USD $ 7 million of the stolen funds were frozen.

In addition to monitoring the funds, Zachxbt He informed that Two suspects have been identified. The first is a person who operated under the alias “Little girl” either “Mo”, Originally from Somalia and operator of a fraudulent call center in Camden, the United Kingdom. The second, known as “W0rk”, He would have attended the digital infrastructure of the attack.

Both individuals have erased their accounts on social networks after the publication of the findings, which reinforces suspicions about their direct participation in the case.

International collaboration could be key in the next stages of research, especially to capture suspects and freezing more funds if they still remain in exchanges that cooperate with the law.

An urgent reminder for the crypto community

This incident has been qualified as one of the greatest individual robberies in the history of cryptocurrencies. Beyond the financial impact, it serves as a warning about the risks facing even the most veteran users.

In an industry where asset custody falls entirely to the user, security measures must go beyond technological tools. Education on social engineering attacks and constant verification of suspicious communications is essential, especially for users with large sums stored in personal wallets.

Zachxbt and other researchers have urged the community not to lower their guard and have reiterated that, although part of the loot was recovered, much remains to be done.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter