Kraken User Loses $18.2M in Social Engineering Scam; Funds Moved via THORChain

• Kraken user loses $18.2M in scam, funds bridged via THORChain within 45 mins.
• Attacker swapped 878 ETH to BTC, using SafePal to obscure the fund trail.
• ZachXBT links case to rising social engineering scams targeting crypto users.

A crypto user on the Kraken exchange has lost $18.2 million in a suspected social engineering scam, according to on-chain investigator ZachXBT. 

Notably, ZachXBT revealed that the threat actor began moving funds roughly 45 minutes after the compromise, bridging assets from Ethereum to Bitcoin using THORChain. The attacker utilized a SafePal wallet during the process.

On-chain data shows an initial swap involving 878 ETH worth approximately $1.8 million at the time. The transaction was later completed, converting the funds into 26.6 BTC.

The movement of funds across chains suggests an attempt to obscure t…

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