Binance Security Team Helps Freeze Roughly $7M of the $330M in Bitcoin Stolen from a US Crypto Holder

Blockchain analyst ZachXBT revealed that roughly $7 million of the $330 million in Bitcoin (BTC) stolen from a longtime US crypto holder has been frozen

Crypto analyst ZachXBT has revealed that roughly $7 million of the $330 million in Bitcoin (BTC) stolen from a longtime US crypto holder has been frozen with the help of Binance.

The update comes days after ZachXBT first reported a suspicious transfer of 3,520 BTC, at the time worth about $330 million, from a single wallet.

The victim, an elderly American, fell prey to a social engineering attack. The Bitcoin was quickly moved across at least six exchanges and laundered into Monero (XMR).

Two suspects identified

A Somalian national known as “Nina” or “Mo,” who is said to run a call scam operation in Camden, UK, and an accomplice codenamed “W0rk,” have been identified by the analyst.

Both individuals deleted their social media accounts after being named.

The theft relied on social engineering tactics, a form of deception that typically involves phishing or impersonation to gain access to sensitive credentials.

According to ZachXBT, the attackers carried out a coordinated scheme with fake websites and voice calls to manipulate the victim into revealing private keys or login credentials.

“[They] went to great lengths to impersonate members of the U.S. government and financial institutions in an effort to deceive the victim and steal their Bitcoin,” said the analyst.

Binance, another sleuth and firm help to freeze funds

ZachXBT credited members of Binance’s security team, pseudonymous investigator tanuki42, and Cryptoforensic Investigators with helping to freeze about $7 million of the stolen funds.

Binance has not yet issued a formal public statement on the matter. However, the platform is known for cooperating with onchain analysts and law enforcement to intercept illicit activity.

This instance marks a rare instance of rapid recovery following a large-scale crypto theft. The remaining stolen funds are believed to be more difficult to trace, having been funneled into Monero, a coin designed to obfuscate wallet balances and transaction history.

The $330 million theft now ranks among the largest single-wallet heists in crypto history. It has also renewed concerns about the vulnerability of early adopters who may not have updated security practices or cold storage protections.

In previous reporting, ZachXBT said the theft was “deeply upsetting,” especially given the victim’s age and status as an early supporter of the Bitcoin network.