An investigation by prime on-chain analyst ZachXBT has revealed how an alleged New York-based con artist stole thousands and thousands of {dollars} from victims by pretending to be help employees from Coinbase.
In a thread on the social media platform X, the pseudonymous sleuth particulars how a person named Christian Nieves – who goes by “Daytwo” and “PawsOnHips” on-line – allegedly stole $4 million from Coinbase customers by impersonating staff on the crypto trade.
ZachXBT says that Nieves operates a small scam-call middle group and in addition works as a caller. The group allegedly primarily coerces their victims into organising a Coinbase pockets with an already compromised seed phrase on phishing websites.
Different individuals in Nieves’ circle additionally allegedly helped in separate thefts, together with a henchman named Justin going as “Paranoia” who executed a $240,000 heist of an aged sufferer’s Bitcoin (BTC) pockets.
In response to ZachXBT, a portion of that $240,000 was deposited into crypto betting website Roobet, and the remainder was transformed into Monero (XMR).
“I traced out his on line casino deposit tackle which hyperlinks onchain to 30+ suspected thefts.
I anticipate there’s many extra victims I’m unable to instantly hyperlink.
Whereas there’s probably overlap between a number of menace actors the overwhelming majority of exercise pertains to Daytwo…
Daytwo has a playing downside and also you’ll see onchain how on line casino deposits get smaller as he loses funds.
Lately this escalated to the purpose the place he began stealing cuts from accomplices.”
At time of writing, Nieves and his alleged accomplices haven’t been charged with something by regulation enforcement, however given the quantity of digital and on-chain proof, ZachXBT says it must be a “relatively simple” case for authorities.
Nonetheless, a lot of the victims’ cash is probably going unrecoverable because it has been misplaced to playing, the analyst says.
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