It's unbelievable to me that someone managed to accumulate that much Bitcoin but fall for the most basic scam in the book. This makes me sad.

As they saying goes, you have to dodge the trap every time, they only have to get you once. Sooner or later we all will slip up if we’re subjected to endless con attempts.

You don't have to be smart to be wealthy. More often than not it's mainly a matter of being lucky or having the right connections.

> Around $700,000 of the stolen assets were frozen thanks to intervention by a security firm called ZeroShadow

This represents only a small portion of the stolen funds. But my understanding was that the holder of the keys owns the crypto. How can the funds get frozen?

Me, transferring my fund’s money somewhere and claiming it got stolen: oh yes, boss, they deepfaked you on video and said Do Kwon was coming to put hardware wallet in my bum; I had to give it to them

Was this fund money? Do we know who's wallet it was?

is there a market to secure the crypto of rich but stupid people like this? all I have to do is not share the seed phrase, no brainer

Well it’s two parts

* Don’t share * be able to recover it

You have to be sure however you hide it, you can still access it / someone else can access it it you get hit by a bus.

Yes, custodians like Anchorage or Fireblocks are the main ones.

Dangerous game to play.

People get unalived for way less than this.