Whale Who Forgot About His Bitcoins Loses $330 Million
Date: 2025-04-30 Author: Henry Casey Categories: CRYPTO PAYMENTS
In March 2025, the crypto community witnessed an unusual story that caught the attention of Arkham analysts. The investor, who started buying bitcoins in late 2016 - early 2017 for $3 million, held them for eight years. During this time, the value of his assets increased significantly, and at the time of the theft, the bitcoins were valued at $330 million. Such investors are called whales, since they control huge amounts of cryptocurrency.
However, in March 2025, the owner's wallet activated its first activity in all these years. According to Arkham data, $250 million was transferred from the wallet to another address. Soon, on April 28, 2025, it became known that the scammers stole all the remaining bitcoins that the investor had accumulated over the years. From the initial amount of $3 million, they took a record $330 million.
Blockchain specialist ZachXBT hypothesized that the theft may be related to the recent rise in the Monero cryptocurrency. The scammers began laundering funds through several platforms, including converting part of the stolen bitcoins into XRM. This process could have led to a sharp increase in the price of the anonymous coin.
There are suggestions that North Korean hackers may be behind the attack, but ZachXBT believes that this is not their doing. The reasons why the attackers were able to access the wallet remain unknown. One option is to use phishing attacks or infect the owner's device. Perhaps the investor himself could not notice the threat and make a mistake when working with the wallet.
The crypto community expressed sympathy to the victim. Many users noted that losing such a large amount of money that an investor had accumulated over many years could seriously affect their mental state. Despite this, it is important to be careful in the cryptocurrency world and always take measures to protect your assets.
