PANews reported on January 17th that, according to ZachXBT monitoring, around 7:00 AM (UTC+8) on January 11th, a victim lost over $282 million worth of LTC and BTC in a hardware wallet social engineering scam. The attackers then converted the stolen LTC and BTC into Monero through multiple instant exchange platforms, causing a brief surge in the XMR price. Some BTC was also transferred to the Ethereum, Ripple, and Litecoin networks via Thorchain. The total amount of stolen addresses is approximately 2.05 million LTC and 1459 BTC.