Bitcoin Scammer Loses $4.8 Million to Tampered Hardware Wallets

Bitcoin Scammer Loses $4.8 Million to Tampered Hardware Wallets


Opened hardware wallet revealing a concealed implant as Bitcoin moves toward a cellular tower image By Isaac • October 16, 2026 8:45 pm •

A crypto scammer who made money by manipulating ordinary people has now landed on the wrong side of a remarkably sophisticated Bitcoin theft.

Blockchain analytics firm Chainalysis says one of the largest known victims of the tampered-hardware-wallet scheme lost more than 60 BTC, worth roughly $4.8 million at the time. The money had come from a so-called task scam, in which victims were paid to create fake sales or reviews before a supposed negative balance forced them to deposit their own cash to continue.

Trending: Joe Rogan EVISCERATES Democratic Party in front of ever-blue Michael Douglas

Decrypt reports that the operator moved the proceeds into three separate hardware-wallet addresses on September 22. On October 9, each address was drained into the same destination wallet, which had already been

Continue reading

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!