Cryptocurrency
[loss] $243M+
"Police Arrest Two People Related to $243M Crypto Heist Targeting Genesis Creditor"
Primary Source ↗Financial Loss
$243.0M
(243,000,000 USD)
Recovered
$500,000
Blockchain(s)
Bitcoin
Incident Details
Two people have been arrested in relation to a phishing scam that successfully stole more than 4,000 BTC priced at around $243 million from a single individual. The victim was targeted with a phishing scam in which the attackers posed as Google support employees and convinced the victim to reset their two-factor authentication for their account on the Gemini cryptocurrency exchange.The FBI raided a luxury home in Miami in connection to the theft, and arrested two men in their early twenties. Authorities worked with crypto investigators including zachxbt to trace the stolen funds.
Total loss estimated at $243,000,000.
Technical Details
- Initial Attack Vector
- Phishing attack
- Vendor / Product
- Gemini phishing attack
Timeline
- 2024-09-19 Breach occurred
- 2024-09-19 Publicly disclosed