The former CEO of a crypto project lost $450,000 after connecting to his best friend's WiFi, a scheme identified as a 'Proximity Breach' by AMLBot. After selling his stake for $500,000, he relocated to Asia and befriended a local. A rainstorm damaged his phone, prompting him to re-enter his seed phrase, only to discover his funds were stolen. Despite initially offering support, the friend was later found to have compromised Tom's device through the WiFi connection. AMLBot tracked the stolen funds to a Binance account, enabling them to freeze the assets. This type of scam has been on the rise, with AMLBot reporting multiple cases, including thefts involving family and close relations. The incident highlights the importance of strong security measures, avoiding public WiFi for crypto transactions, and enabling transaction notifications to prevent such breaches.

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