Introduction In one of the most significant social engineering breaches in crypto history, a hacker made off with over $282 million worth of Bitcoin and Litecoin, highlighting ongoing vulnerabilities in digital asset security and the complexities of decentralized cross-chain infrastructure. Key Takeaways A sophisticated social engineering attack resulted in the theft of over $282 million in cryptocurrencies. The attacker manipulated a hardware wallet owner into revealing their seed phrase, gaining complete control over the funds. Funds were rapidly moved across multiple blockchains, including Ethereum, Ripple, and Litecoin, using decentralized bridges like THORChain. Partial recovery efforts successfully froze approximately $700,000 worth of assets shortly after the breach. Tickers mentioned: $BTC, $LTC, $XMR, $ETH, $XRP Sentiment: Negative Price impact: Negative. The attack exposes security gaps and will likely influence market confidence and price stability. Trading idea (Not Fina...