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Crypto scammer loses millions as thieves drain Ledger wallets

A crypto scammer lost roughly $4.8 million when thieves drained Ledger wallets holding task scam proceeds. Chainalysis tracked the stolen funds to addresses emptied on October 9.

  • A suspected scammer lost about $4.8 million in a Ledger wallet drain.
  • Chainalysis revealed that the scammer stored illicit proceeds in three separate Ledger addresses.
  • The addresses were emptied in single transfers on October 9 into a wallet flagged for holding stolen funds.
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