Trezor Impersonation Scam Drains $282M in Bitcoin and Litecoin

Social engineering attack steals $282M via fake support; funds routed through THORChain to Monero. ZeroShadow froze $700K, highlighting mnemonic phrase security risks.

Woofun AI reports that a social engineering attack involving impersonated Trezor support resulted in the theft of approximately $282 million in Bitcoin and Litecoin. The victim disclosed a 12-word mnemonic phrase, leading to the transfer of $139 million in Bitcoin and $153 million in Litecoin. Attackers utilized the THORChain cross-chain bridge to convert the assets into Monero within minutes. ZeroShadow identified the incident as a user-side error rather than a software breach, successfully freezing $700,000 of the funds. This event underscores the critical risk of mnemonic phrase exposure, contrasting with Chainalysis data indicating 23% of mined Bitcoin remains inaccessible due to lost keys.