Crypto Scammer Loses $4.8 Million In Stolen Bitcoin To Another Group Of Thieves

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: A cryptocurrency scammer reportedly lost roughly 60 BTC, worth around $4.8 million, after depositing proceeds into compromised hardware wallets. The story forms part of a wider supply-chain attack involving modified Ledger devices. Someone accused of stealing cryptocurrency from victims of an online employment scam appears to have suffered an expensive reversal: another group of criminals stole the proceeds. According to analysis reported in October, roughly 60 Bitcoin linked to a fraudulent task scheme was moved into hardware wallets and then drained. At the time, the Bitcoin was worth approximately $4.8 million. Criminal Proceeds Meet Compromised Hardware The original scam reportedly persuaded victims to deposit money under the promise of earnings from simple online activities. The operator later used wallets associated with Ledger hardware devices to store the proceeds. Those assets were subsequently transferred to an attacker-controlled address. The case emerged amid wider revelations that some hardware wallets circulating through third-party sellers had been physically mo...