Crypto Scammer Loses $4.8M in Stolen Bitcoin to Another Scam Group
A cryptocurrency scammer reportedly lost 60 BTC, worth approximately $4.8 million, after depositing stolen funds into compromised hardware wallets.
A cryptocurrency scammer reportedly lost 60 BTC, worth approximately $4.8 million, after depositing stolen funds into compromised hardware wallets. Bitcoin (BTC) is trading at ₹77,25,089 ($81,221.00), down 0.3% since this brief published. This is an original Token Times brief based on reporting by Bitcoinist, with live market data added, as of Sat, 17 Oct 2026 16:30:01 UTC.
This incident highlights the risks even for sophisticated cybercriminals, showcasing the dangers of supply-chain attacks and compromised hardware wallets in the crypto ecosystem.
- Scammer lost 60 BTC ($4.8M) after depositing into compromised Ledger wallets.
- Incident linked to a broader supply-chain attack on modified Ledger devices.
- Bitcoin market remains relatively stable despite the high-profile theft.
- Task-Scam Operator Loses $4.8M in Bitcoin to Ledger Wallet Hack
- Crypto Scammer Loses $4.8M in Stolen Bitcoin to Another Scam Group — this brief
A cryptocurrency scammer reportedly lost 60 BTC, valued at approximately $4.8 million, after depositing the stolen funds into compromised hardware wallets. This incident is part of a broader supply-chain attack involving modified Ledger devices.
The scammer had allegedly stolen the cryptocurrency from victims of an online employment scam before falling victim to another group of cybercriminals. The compromised hardware wallets appear to have been tampered with as part of a sophisticated attack.
While the broader crypto market remains relatively stable, with a total market cap of $2.8 trillion and 
Bitcoin trading at $81,480, this incident highlights the ongoing risks associated with hardware wallet security.
The story serves as a reminder of the vulnerabilities present even in widely trusted hardware solutions and the potential for supply-chain attacks to compromise the security of crypto assets.
The Bitcoin market has shown a slight decline of 0.40% in the past 24 hours, with a 7-day drop of 1.54%, indicating a moderate level of market uncertainty. The Fear & Greed index stands at 55, reflecting a 'Greed' sentiment.
Since this brief published about 4 hours ago, Bitcoin (BTC) has moved from ₹77,49,722.91$81,480.00 to ₹77,25,088.91$81,221.00 — -0.32%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.61M (about $81,221.00), down 0.4% over 24 hours. The rupee itself trades about 11.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Crypto Scammer Loses $4.8M in Stolen Bitcoin to Another Scam — questions & answers
How did the scammer lose the stolen Bitcoin?
The scammer lost the Bitcoin after depositing it into compromised hardware wallets that were part of a supply-chain attack.
What is the value of the stolen Bitcoin lost by the scammer?
The scammer lost approximately $4.8 million worth of Bitcoin.
What is the current state of the crypto market?
The total crypto market cap is $2.8 trillion, with Bitcoin at $81,480, showing a slight 24-hour decline of 0.40%.
How much is 1 Bitcoin worth in rupee today?
About ₹8.61M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,221.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.32% since this brief first published — trading at ₹77,25,089 ($81,221.00) now versus ₹77,49,723 ($81,480.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoinist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.