A victim lost over $282 million worth of LTC and BTC in a scam, which was then exchanged for XMR

Odaily News According to ZachXBT monitoring, around 23:00 on January 10, 2026, a victim lost over $282 million worth of LTC and BTC due to a hardware wallet social engineering scam.

The attacker began converting the stolen 2.05 million LTC and 1,459 BTC into Monero through multiple instant exchanges, causing the price of XMR to rise. Furthermore, the stolen BTC has been cross-chained to Ethereum, Ripple, and Litecoin via Thorchain. The compromised addresses include bc1ql...tf86, bc1qp...0wzm, and ltc1q...nr70.