An investor lost 783 BTC, worth about $91.4 million, after a fraudster impersonating a hardware wallet support agent gained access to their wallet, Coindesk reported. The theft, disclosed by blockchain investigator ZachXBT, is one of thelargest individual social engineering scams in recent months.Funds Routed Through Wasabi WalletThe incident occurred on August 19. The attacker tricked thevictim into handing over wallet credentials, allowing them to transfer theBitcoin. The funds were then moved through Wasabi Wallet, a privacy toolcommonly used to hide transaction trails.The case adds to a series of major crypto scams in 2025.Investors lost $3.1 billion to hacks and fraud in the first half of the year,with social engineering becoming an increasingly common tactic.The theft also comes exactly one year after the $243 millionGenesis creditor hack, which led to multiple arrests in California earlier thisyear. Both incidents underline how attackers continue to exploit weaknessesbeyond technical security.Security Concerns PersistThe $91 million loss highlights the ongoing risks facingcrypto investors, even as firms improve technical safeguards. Analysts warnthat impersonation and phishing schemes remain difficult to prevent, withscammers increasingly targeting users through trusted support channels.North Wales Police has warned cryptocurrency holders to remain vigilant after a victim was defrauded of £2.1 million in Bitcoin. The force described the incident as a “sophisticated” scam and urged the public to be cautious when approached with unexpected requests involving digital assets.Read more: BTC Remains Under Trendline; North Wales Police Investigate £2.1M Bitcoin ScamThe scam unfolded as criminals impersonated senior UK police officers and fabricated a story about a supposed security breach. The victim was told that an arrested individual’s phone contained personal identification documents linked to them, prompting them to hand over their Bitcoin.The warning comes as Bitcoin faces selling pressure in the market. BTC/USD has been trending lower along a descending trend line on the hourly chart, with horizontal support observed around 112,800. A drop below this level could add to downside momentum, while a breakout above the trend line may draw in intraday buyers.This article was written by Jared Kirui at www.financemagnates.com.