A crypto user lost over $282 million in Bitcoin and Litecoin in a massive social engineering attack on Jan. 10, 2026. The attacker tricked the victim into revealing their seed phrase, gaining control of the wallet. The stolen assets were quickly converted into Monero, causing a spike in XMR’s price.

$700,000 of the stolen funds were frozen by security firm ZeroShadow after being alerted by blockchain monitoring teams. The victim was tricked into sharing their seed phrase by someone impersonating Trezor “Value Wallet” support. The attack is not believed to be linked to a state-sponsored hacking group.

In a separate incident, an elderly US individual lost $330 million in Bitcoin in a social engineering scam. The victim had held over 3,000 BTC since 2017 with minimal activity. The attacker laundered the stolen BTC using peel chains and instant exchanges, converting it into Monero to hide the trail.

Read more at Cointelegraph: Crypto User Loses $282M in Bitcoin, Litecoin in Social Engineering Attack