The post How a $243 Million Crypto Hack Shook the Community appeared first on Coinpedia Fintech News
In an incident that thrilled the digital finance world, three hackers; Greavys (Malone ), Wiz (Veer Chetal), and Box (Jeandiel ) successfully defrauded a single victim of $243 million, through the use of social engineering coupled with technical internet skills.
The attack that occurred on August 19, 2024, was deeply investigated by onchain investigator ZachXBT and signified the ever-increasing threat posed to the crypto industry witnessing how these hackers both tricked and exploited the targeted firm’s technical vulnerabilities to their advantage.
How the attack unfolded
The hit got off on a very correct note with a phone call from the attackers: Fake Google Support. Apparently, they were able to call the victim using a fake phone number and thus influence his or her trust with the intention of sharing personal accounts.
Next, the criminals presented themselves as G
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