Well, folks, it seems our digital age has birthed a new kind of detective, and his name is ZachXBT. This modern Sherlock Holmes with a keyboard instead of a magnifying glass has uncovered a tale so wild, it’d make Tom Sawyer pause his mischief-making. Imagine, if you will, a Coinbase user parting ways with over400 Bitcoins, a sum so grand it amounts to $33.5 million in today’s fanciful crypto currency. And how, you ask? Through the cunning use of social media engineering attacks, a phrase so new it might give Noah Webster a headache.
Our Zach observed, whilst lounging in the digital parlor of his Telegram channel, that cyber threats have been on the rise, especially targeting those grand cryptocurrency exchanges. The surge hit particularly hard after March16, a date that might well go down in infamy alongside the day Huck Finn decided to set sail on his raft.
According to Zach, the nefarious deeds were carried out through a wallet address so mysterious it sounds like a cryptic love note: bc1qvl. This address has been fingered as the main culprit in these illicit transfers, as per the findings of official investigations. The situation took a turn for the worse when the stolen Bitcoin hopped from its native blockchain to Ethereum‘s, using THORChain and Chainflip bridge tools. It’s like watching a stagecoach robbery, only the horses are pixels and the gold is digital.
ZachXBT, our relentless detective, identified a Coinbase user who, through a series of unfortunate events and social engineering attacks, saw their400 bitcoin vanish into the ether. The thieves, not content with their loot, transferred it across blockchains, proving that in the Wild West of the internet, the outlaws have gone high-tech.
During his sleuthing, Zach stumbled upon other thefts and mentions on Telegram, amounting to over $46 million in stolen assets since early March. He’s been sounding the alarm about these Coinbase attacks like a town crier in the digital age. And let’s not forget the previous year’s debacle, where scammers, masquerading as Coinbase support agents, swindled a Gemini creditor out of a staggering $234 million worth of bitcoin. Thanks to Zach’s gumshoe work, three suspects found themselves in the less-than-comfortable embrace of Miami’s finest.
Reports from our intrepid investigator reveal that these digital bandits made off with $65 million from Coinbase users across December2024 and January2025. And the pièce de résistance? Coinbase’s compliance programs failed to identify any of the victim addresses following these March-based shenanigans. It’s like trying to find a needle in a haystack, only the haystack is on fire and the needle is invisible.
As the dangers in this newfangled cryptocurrency frontier grow, users must stay vigilant against the ever-evolving tricks of these digital charlatans. To protect one’s crypto assets, one must remain as alert as a cat at a dog show.
Also read : CRO is no different from a scam: ZachXBT
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2025-03-29 11:34