tldr; ZachXBT helped recover $275,000 stolen from an elderly U.S. victim by scammers posing as Coinbase support. The scammers, part of a group that has stolen over $5 million, laundered funds through Ethereum, Bitcoin, and TRON. In 2023, crypto scams cost U.S. victims $5.6 billion, with elderly people losing over $1.6 billion. ZachXBT’s investigation revealed the scammers used centralized exchanges and OTC markets to convert stolen funds into stablecoins. The FBI reported a significant increase in crypto fraud losses among seniors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; ZachXBT helped recover $275,000 stolen from an elderly U.S. victim by scammers posing as Coinbase support. The scammers, part of a group that has stolen over $5 million, laundered funds through Ethereum, Bitcoin, and TRON. In 2023, crypto scams cost U.S. victims $5.6 billion, with elderly people losing over $1.6 billion. ZachXBT’s investigation revealed the scammers used centralized exchanges and OTC markets to convert stolen funds into stablecoins. The FBI reported a significant increase in crypto fraud losses among seniors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.