According to @AquaBitcoin, a retired artist lost 17.5 BTC after being targeted by a social engineering scam, despite using a hardware (cold) wallet for security. The incident highlights that hardware wallets alone cannot protect against human error or manipulation, as the victim shared their seed phrase with scammers. This event underscores the urgent need for comprehensive user education in crypto security, as loss of funds due to social engineering remains a significant risk for traders and investors. Market participants should note that even with top-rated wallets, failing to safeguard seed phrases can lead to irreversible Bitcoin losses (Source: @AquaBitcoin on Twitter, May 20, 2025).

According to Lookonchain, a significant BTC whale deposited the remaining 800 BTC worth $74 million to Binance, marking a substantial trading move that resulted in an overall loss of $25 million. This action follows previous activity in April 2024, where the whale withdrew 2,000 BTC valued at $197.8 million from Binance at a price of $98,896 per BTC and staked it. Recently, the whale began unstaking and gradually depositing the BTC back to exchanges, indicating potential market movements and liquidity adjustments.