PANews reported on January 19th that, according to PeckShield citing ZachXBT, on January 10th, 2026, a user allegedly had over $282 million worth of BTC and LTCPANews reported on January 19th that, according to PeckShield citing ZachXBT, on January 10th, 2026, a user allegedly had over $282 million worth of BTC and LTC
After a hardware wallet social engineering scam caused users to lose over $282 million, a large portion of the funds have been laundered across blockchains.
PANews reported on January 19th that, according to PeckShield citing ZachXBT, on January 10th, 2026, a user allegedly had over $282 million worth of BTC and LTC stolen due to a social engineering attack on a hardware wallet. The attacker transferred 928.7 BTC (approximately $71 million) to the Ethereum, Ripple, and Litecoin networks via THORChain, converting them into 19,631 ETH, 3.15 million XRP, and 77.2K LTC. Subsequently, 1,468 ETH were transferred to Tornado Cash, and over 2,400 ETH flowed into exchanges such as WhiteBit, KuCoin, and Huobi for money laundering.
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