$282 Million in Bitcoin and Litecoin Stolen in Trezor Impersonation Support Scam
2026-08-02 09:39
Odaily News, January 10 – A Bitcoin and Litecoin holder provided their 12-word seed phrase to attackers impersonating Trezor support personnel, resulting in the theft of approximately $282 million in assets, including roughly $139 million in Bitcoin and $153 million in Litecoin.
Blockchain forensics firm ZeroShadow stated that the incident stemmed from a social engineering attack, not a compromise of wallet software or private key infrastructure. The stolen funds were split via the THORChain cross-chain bridge within minutes and converted into Monero through instant exchange services.
ZeroShadow's monitoring team flagged and froze approximately $700,000 in funds within 20 minutes. Under the BIP39 standard, a 12-word seed phrase contains approximately 128 bits of entropy, while a 24-word seed phrase contains 256 bits.
Chainalysis estimates that up to 23% of mined Bitcoin is permanently inaccessible due to lost keys, involving millions of BTC, with causes including forgotten seed phrases, damaged backups, and the absence of inheritance plans.
Blockchain forensics firm ZeroShadow stated that the incident stemmed from a social engineering attack, not a compromise of wallet software or private key infrastructure. The stolen funds were split via the THORChain cross-chain bridge within minutes and converted into Monero through instant exchange services.
ZeroShadow's monitoring team flagged and froze approximately $700,000 in funds within 20 minutes. Under the BIP39 standard, a 12-word seed phrase contains approximately 128 bits of entropy, while a 24-word seed phrase contains 256 bits.
Chainalysis estimates that up to 23% of mined Bitcoin is permanently inaccessible due to lost keys, involving millions of BTC, with causes including forgotten seed phrases, damaged backups, and the absence of inheritance plans.
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