Black_background_logo_BitcoinWorld-removebg-preview
Beware! This Crypto Scammer Stole Over $2.6 Million From Victims
Latest News News

Beware! This Crypto Scammer Stole Over $2.6 Million In Solana Tokens From Victims

  • Crypto scammer posing as crypto influencer Ansem steals $2.6 million in Solana tokens from victims using fake ‘BULL’ token presale.
  • On-chain detective ZachXBT reveals the scam; largest victim loses $1.2 million, with ongoing similar scams.
  • Amid rising meme coin interest, 57,000 people fell victim to crypto scams in February, losing over $47 million.

An imposter claiming to be the well-known crypto influencer Ansem stole over $2.6 million in Solana tokens (SOL). 

The scam unfolded on X (formerly Twitter), leveraging the meme coin frenzy to lure investors into a fake presale for a nonexistent token dubbed “BULL.”

Amidst the meme coin frenzy promising quick returns, investors must be aware and not fall victim to scammers.

How Crypto Scammer Tricked the Community

ZachXBT, an on-chain detective, reported this audacious heist.

The fraudster, mimicking Ansem, advertised the bogus ‘BULL’ token presale in replies to Ansem’s legitimate tweets. 

Scam Tweet

 

This elaborate ruse led to significant losses, with the largest victim losing nearly $1.2 million.

See Also: Why Is Vanguard CEO, Tim Buckley, Firmly Against Bitcoin ETFs Amid Customer Backlash and Market Volatility

Even after ZachXBT’s post, the crypto scammers stole over $250,000. 

Notably, scammers continue the same modus operandi on other accounts as well.

“$2.6 million sent to an account? Why would anyone send tokens to an account just like that when it takes a few lines of code to implement a sale smart contract?” X user Robert Sasu wrote.

This scam occurred during the rapid ascent of the Book of Meme (BOME) token. BOME, a meme coin on the Solana blockchain, gained traction swiftly, particularly after its listing on Binance.

Scam Sniffer reported that 57,000 people fell prey to crypto scams in February, incurring collective losses of around $47 million. Primarily, these scams were phishing attacks executed on social media platforms.

The Ethereum mainnet was the most affected, with users losing 78% of the total stolen funds. Notably, Ethereum-based ERC20 tokens represented the bulk of the losses, amounting to $40 million.

Despite a 75% reduction in individuals losing over $1 million, a significant theft of $6.2 million occurred on a single day in February.

The tactics used by scammers are becoming increasingly sophisticated. 

They often impersonate verified accounts of crypto entities on social media, particularly on X. Phishing signatures like Permit, IncreaseAllowance, and Uniswap Permit2 are among their techniques.

Additionally, the number of scam victims surged by over 10,000 in just one month. However, there was a slight decrease in the total amount stolen. 

This trend indicates a growing threat of phishing attacks in the crypto ecosystem.

Investors should exercise caution, especially during times of intense market activity. Verifying the legitimacy of investment opportunities is crucial to avoid falling victim to such scams.

 

#Binance #WRITE2EARN

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.