ZachXBT: $282M LTC, BTC theft from hardware wallet scam fueled XMR surge

Blockchain security expert ZachXBT stated that a hardware wallet engineering scam resulted in the theft of over $282 million in LTC and BTC around 11:00 p.m. UTC on Jan. 10. According to the analysis, the attacker began converting the stolen assets into Monero (XMR) through multiple exchanges, which triggered a surge in XMR's price. ZachXBT added that the attacker currently holds 2.05 million LTC and 1,459 BTC. The stolen BTC has also been bridged to the Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) networks via THORChain (RUNE).