Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail.

Social engineering attacks are a potent weapon that scammers use to compromise crypto wallets and steal funds from victims. Court documents reveal that this was the tactic used to target the Gemini creditor in this case.

In August 2024, about 4,100 BTC worth $243 million vanished overnight from a single victim’s account. Three gamers, turned self-taught hackers, siphoned off the Bitcoin (BTC) after successfully gaining access using social engineering tactics. But this was just the start of a bizarre case, especially for the youngest thief, 19-year-old Veer Chetal.

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Author: Marcel Deer

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