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Long-Term Bitcoin Holder Loses $750k After Google Account Hacked, Funds Drained from Australian Exchange Within 12 Hours

Security Incidents Exchange Risk

2026-08-15 18:01:44

BTC0.60%

According to Bitcoin News on X, a long-term Bitcoin holder lost approximately $750,000 in BTC after depositing funds to an Australian exchange, with all assets withdrawn within 12 hours of the deposit. A friend of the victim revealed that hackers had compromised their Google account for around three months, gaining access to email and cloud-backed Google Authenticator credentials, and waited for the holder to deposit BTC before extracting the funds. The exchange approved the withdrawal request, identifying the hacker as the account owner, with notification sent at 3 a.m.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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