Bitcoin Investor Loses $91M in Social Engineering Scam
- Bitcoin investor loses $91M in a social engineering scam.
- Sophisticated scam using Wasabi Wallet privacy features.
- No responses from Wasabi or major executives post-incident.
A prominent Bitcoin investor was defrauded of $91 million on August 19, 2025, through a sophisticated social engineering scam involving fake support agents and Wasabi Wallet laundering.
This incident highlights security vulnerabilities in crypto asset management and reflects the growing trend of high-stakes cryptocurrency scams impacting the market and investor trust.
An unnamed Bitcoin investor suffered a loss of approximately $91 million in a single transaction on August 19, 2025, due to a sophisticated scam.
This event underscores vulnerabilities in crypto asset security, stirring calls for enhanced behavioral safeguards among major Bitcoin holders.
Scam Funnels 783 BTC via Wasabi Wallet
The scam involved impersonation of hardware wallet and exchange support agents, leading to compromised wallet access. The attackers funneled 783 BTC through Wasabi Wallet, exploiting privacy protocols. The victim’s credentials were obtained through the deceptive impersonation of legitimate support. ZachXBT, a well-known blockchain investigator, first reported and analyzed the incident.
“Victim routed 783 BTC ($91M) via Wasabi after falling to social engineering. Fake hardware wallet support agents behind the breach.” — ZachXBT, Blockchain Investigator
Market Reaction to $91M Bitcoin Scam
The incident affected the Bitcoin (BTC) market, though not significantly altering liquidity or total value locked in exchanges. Privacy tools like Wasabi Wallet have faced scrutiny. No official statements from the affected exchanges or the Wasabi Wallet team have been released. However, discussions among experts highlighted the risk of social engineering attacks in crypto.
Genesis Theft Mirrors $91M Bitcoin Scam Tactics
Similar tactics were used in past major scams, notably the $243M Genesis theft in August 2024, which also employed social engineering strategies. Based on past events, improved multisig adoption and behavioral security are critical responses to reduce such vulnerabilities, as urged by industry experts.
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