According to ChainCatcher, Casa co-founder Jameson Lopp said on social media that while attacks against cryptocurrency whales are still relatively rare, their number is greatly underestimated. Many victims are afraid to consult law enforcement agencies for fear of attracting more attention.

Brian Lockhart, director of technical project management at Bitcoin miner Core Scientific, supported the claim in the comments section, emphasizing that victims do not want to be "embarrassed" by disclosing that they were victims of cryptocurrency hacks, and that it may also attract the attention and further attacks of the IRS.