The criminals fraudulently stole around $1.2 million from cryptocurrency wallets by offering fake investments through a counterfeit platform called "Seed Crypto." The website forced users to connect their wallets via WalletConnect or Coinbase Wallet, after which it gained access to the funds. The funds were withdrawn through cryptocurrency exchanges like Binance and OKX. The scam uses social engineering and stablecoins (USDT, USDC), making it difficult to trace and freeze the assets.
12/26/2024 2:42:53 PM (GMT+1)
The criminals stole $1.2 million through the fake platform "Seed Crypto," using social engineering to gain access to wallets and withdrawing funds via cryptocurrency exchanges 💸
89
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
Bolivia will start using cryptocurrency to pay for fuel imports against the backdrop of a dollar shortage and economic crisis in the country's energy sector
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
Coinbase resumes operations in India after obtaining approvals from the Financial Intelligence Unit (FIU), with plans to launch retail services and expand its crypto platform in 2025
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
European regulators are investigating OKX's involvement in laundering $100 million from the hacked funds of Bybit, considering a potential violation of MiCA standards for cryptocurrency services
