Bitcoin Investor Scammed Out of $91 Million in Cryptocurrency

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 22 2025

Incident Overview: A Bitcoin scam resulted in the theft of $91 million, where the victim was deceived by impostors posing as support staff from a crypto exchange and hardware wallet provider.
Scam Methodology: The attackers utilized social engineering tactics to trick the victim into sharing sensitive information, quickly laundering the stolen Bitcoin through Wasabi Wallet to obscure its trail.
Rising Trend of Crypto Theft: This incident highlights a growing problem in the cryptocurrency space, with over $2.1 billion in crypto-related thefts reported in 2025 alone, including notable scams involving impersonation of trusted providers.
Security Advisory: ZachXBT advised users to treat unsolicited communications as potential scams and emphasized that human-targeted scams remain highly effective despite advancements in security tools.

About the author

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Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.