User loses over 282 million USD in LTC and BTC due to social engineering scam on January 11

On January 11, a user faced a loss exceeding 282 million USD due to a hardware wallet scam. The assets stolen included approximately 2.05 million LTC and 1459 BTC, which were later converted to Monero.

The theft led to a rise in XMR prices as the attackers utilized multiple platforms for conversion. Additionally, some BTC was transferred through various networks, including Ethereum and Ripple.

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