A cryptocurrency investor lost over $282 million in Bitcoin and Litecoin after scammers impersonated Trezor support to steal a recovery seed phrase. The theft, revealed on January 16, 2026, by investigator ZachXBT, involved 1,459 Bitcoin and 2.05 million Litecoin stolen on January 10. The attacker laundered funds through Thorchain and converted them to Monero, causing the privacy coin's price to surge 36%.

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Zcash has surged over 700% since late September 2025, surpassing Monero as the top privacy coin by market capitalization. This resurgence highlights a shift back to crypto's roots in untraceable digital cash, driven by regulatory pressures and user demand for surveillance resistance. Privacy coins are outperforming amid a broader market downturn.

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