ZachXBT: The $330 million BTC theft incident was a social engineering theft targeting an elderly person in the U.S.

BlockBeats news, on April 30, it was revealed by on-chain detective ZachXBT that the $330 million Bitcoin transfer event that caused the price of Monero (XMR) to rise 50% on April 28 has been confirmed as a social engineering theft case targeting an elderly person in the United States. The attacker used social engineering techniques to gain access to the victim’s Wallet, transferring 3,520 BTC (worth $330.7 million). The stolen funds were quickly laundered through more than 6 instant trading platforms and exchanged for Privacy Coin XMR, leading to a surge in XMR price. BlockBeats previously reported that on April 28, a suspicious transfer occurred at a certain Address, amounting to 3,520 Bitcoins (approximately $330.7 million). Subsequently, these funds began to be laundered through over 6 instant trading platforms and were exchanged for Monero (XMR), causing XMR’s price to rise by 50%.