Blockchain transaction investigator ZachXBT helped an elderly American recover $275,000 that was stolen by scammers posing as Coinbase support.
The incident occurred in April when Indian phone scammers managed to steal a significant portion of the victim's savings. Zach stated that the stolen funds were seized and returned to the victim, but his investigation revealed that this group of scammers had stolen more than $5 million from other victims.
These criminals transferred the stolen funds from Ethereum and Bitcoin to TRON through centralized exchanges and then converted them into stablecoins via over-the-counter (OTC) markets.