A sensational case has come to light in the Crypto world, in which a Bitcoin of about $ 330 million has been stolen from a wallet of an American elderly ‘OG Bitcoiner’ through fraud. Now investigating the case, ZachxBT on Friday informed that about $ 7 million out of the stolen $ 330 million Bitcoin has been freezed with the help of Binance and other collaborative Crypto Exchange.
What is zachxbt, what is its role
Zachxbt in Crypto World is a isolated Blockchain Investigator, known to highlight the crypto scam or fraud. Actually Zachxbt is a blockchain detective, which tracks the crypto scams by analyzing on-chanting on many social media platforms. According to an estimate, Zachxbt has so far played its important role in theft of over $ 100 million and scam. Earlier in March Zachxbt revealed the big theft of Bitcoin on coinbase Was. The most important thing is that the identity of Zachxbt is secret, but its report is given great importance in the Crypto Community.
How to cross the elderly wallet $ 330 million Bitcoin
Actually, in this crypto fraud, the elderly were taken through social media. America’s elderly OG Bitcoiner was hunted through social engineering and fishing scams and the entire funds in the removal of more than 6 crypto exchanges and Monero (XMR) Mixed through. Let us tell you that Monero is a cryptocurrency that maintains the privacy of transactions, so it has become the first choice of cyber criminals. In this case, ZachxBT has so far identified 2 major suspects. One Somali citizen ‘Nina/Mo’, who acts as a call center scam operating in Camden of UK and the other his partner ‘W0RK’, who helped in fraud through calls and websites.
This is how such a big scam of bitcoin
Crypto Detective ZachxBT first revealed a suspicious transaction on Sunday, with a sudden transfer of 3520 Bitcoin. Investigations of this transaction revealed that these bitcoins were stolen from an elderly investor’s wallet, which had long held hold. In this fraud, the accused had cheated the elderly through phone calls, emails or any website and got his login information. The suspects then rotated the funds through more than 6 exchanges and finally the fund was converted into Monero (XMR), which is a privacy coin. The sudden trade volume and price surge in Monero also indicates the same transaction.
Conclusion
This incident has once again proved that in the world of cryptocurrency, while there is freedom and privacy on the one hand, the threat of fraud and cyber attacks on the other side is equally large. Cases such as theft of $ 330 million from the elderly shows how important personal safety, confidentiality of information and vigilance is in today’s digital financial world.
Also read:Iceberg Wort Prediction, What will be the listing price
