Crypto Scammers Steal over $136K in the Past Month

02/21/2023 09:48 • Blockchain Buzz • 100 views

According to reports, Zach XBT, a chain security analyst, tweeted that the Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x had Rug of more than $136500 (80.3 ETH) in the name of CryptoPunks and Azuki whales in the past month. These two accounts have created more than 13 open version projects and held fake giveaways.

ZachXBT: Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x defrauded more than 130000 dollars in the past month

Interpret the above information:

According to reports shared by Zach XBT, a chain security analyst, two Twitter accounts, @CyrusPunk9623 and @Stevedoes100x have stolen over $136,500 (80.3 ETH) from unsuspecting victims in the past month. The scammers targeted owners of CryptoPunks and Azuki Whales, two popular digital collectibles that have been gaining popularity in the crypto space.

The modus operandi of the scammers involved creating fake accounts and holding fake giveaways, promising people that they could win CryptoPunks or Azuki Whales. They used the excitement generated by the digital collectibles to lure people and then stole their funds. The two accounts managed to create more than 13 open version projects, which fooled many people.

CryptoPunks and Azuki Whales are non-fungible tokens (NFTs) that have become highly sought after in recent months. These digital collectibles are unique, cannot be replicated, and are stored on the blockchain. CryptoPunks, for example, consist of 10,000 unique 8-bit characters that are sold as NFTs. The characters have different attributes, such as skin color, facial features, and accessories that make them unique. Azuki Whales, on the other hand, are a collection of 100 unique digital whales that are also sold as NFTs.

The recent theft of over $136,500 by the two scammers has sparked concerns in the crypto community about the security of digital collectibles. Many people are worried that the excitement generated by NFTs could lead to more scams and fraudulent activities in the coming months. The incident also highlights the need for better regulation of the crypto space to protect investors from fraudsters and scammers.

In conclusion, the theft of over $136,500 by the two Twitter accounts, @CyrusPunk9623 and @Stevedoes100x is a reminder of the need for caution when dealing with digital collectibles. The incident also highlights the need for better regulation of the crypto space to protect investors from scammers and fraudsters. As CryptoPunks and Azuki Whales gain more popularity, it is essential to educate people on how to identify and avoid scams in the crypto space.

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Crypto Scammers Steal over $136K in the Past Month

ZachXBT: Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x defrauded more than 130000 dollars in the past month

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