Crypto News: Details of the $243 Million Heist Under Investigation
Understanding the $243 Million Crypto Heist
In a significant case of crypto news, blockchain investigator ZachXBT has highlighted how three individuals executed a $243 million theft from a Genesis creditor. This incident took place in August, marking a severe breach of security in cryptocurrency management.
How the Attackers Operated
- The attackers, identified as Greavys, Wiz, and Box, deceived the victim by posing as Google Support.
- Using advanced social engineering tactics, they claimed to be from Gemini, convincing the victim that their account had been compromised.
- They guided the victim to reset their two-factor authentication, leading to unauthorized access.
The Outcome of the Investigation
ZachXBT’s findings revealed that the attackers stole 4,064 BTC, valued at $243 million, and dispersed the stolen assets across various exchanges. They employed a range of cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Monero to obfuscate the funds’ origins.
- ZachXBT’s efforts also led to the identification of Wiz, who misstep during a screen-sharing session exposed his identity, determining his involvement.
- As security breaches increase, such cases underscore the urgent need for better protective measures in crypto news and investment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.