Blockchain sleuth ZachXBT a high-profile social engineering attack on Thursday, with the victim worth around $91.4 million.

The scam occurred on Aug. 19 and involved the attacker posing as a support agent for a hardware wallet before duping the victim into handing over wallet credentials.

The attack mirrors a over the past year and contributes to an already woeful year in terms of hacks and scams, with crypto investors in the first half of 2025.

Once the malicious transfer was made, the funds began their journey through a typical laundering process, with multiple deposits made into Wasabi Wallet, a privacy tool commonly used to obfuscate the trail.

The hack occurred exactly one year after the , a landmark event that sent ripples across the industry and led to the in California in May.