Partial Fund Freezes and a Growing Pattern of Scams

[ed]

Blockchain security firm ZeroShadow said it managed to trace the stolen funds in real time and freeze roughly $700,000 before they were fully swapped into privacy assets. The firm identified the scam as an impersonation of Trezor support, reinforcing how convincing fake customer-service schemes have become.

The incident echoes a similar case last year in which an elderly US Bitcoin holder lost roughly $330 million in another social engineering scam. Together, these events show that as crypto wealth grows, attackers increasingly target individuals—not code—making education, verification, and seed-phrase protection more critical than ever.

[tradelikepro]

every time it’s not a hack, it’s someone getting socially engineered and that’s scarier