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ZachXBT

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ZachXBT’s crypto investigations helped recover $275,000 in Bitcoin stolen from an elderly U.S. user in an apparent social engineering scam.
According to the blockchain sleuth, Indian impersonators stole around 15 Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) from a Coinbase user back in April. The scammers <a rel="noopener noreferrer nofollow" href="https://x.com/zachxbt/status/1843261993282650156" target="_blank">posed</a> as support agents from the crypto exchange and successfully siphoned the victim’s life savings.
Bitcoin traded as high as $71,000 that month, valuing the user’s assets at over $1 million.
ZachXBT also noted that the Indian scammer group attacked other users and stole more than $5 million from several victims. The funds were laundered via Tron’s blockchain, centralized exchanges, and over-the-counter desks, ZachXBT said.
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 In April 2024 an elderly victim from the US was targeted by Indian call scammers posing as Coinbase support resulting in a large portion of their life savings stolen. Pleased to share that I helped recover $275K which was recently seized and will be sent back to them. Theft txn… <a rel="noopener noreferrer nofollow" href="https://t.co/kJO7wMmtOl" target="_blank">pic.twitter.com/kJO7wMmtOl</a>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1843261993282650156?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2024</a>
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Screenshots shared by the investigator confirmed that U.S. authorities eventually seized the funds. It appears the victim will receive $275,000 back after the ordeal. While blockchain and crypto aim to decentralize finance and expand capital access, the nascent industry has become a hotbed for bad actors.
Hackers <a rel="noopener noreferrer nofollow" href="https://crypto.news/crypto-losses-to-hacks-surpass-120m-in-september-peckshield-says/">stole</a> $120 million from protocols last month, according to PeckShield, and Scam Sniffer reported that users lost $43 million to <a rel="noopener noreferrer nofollow" href="https://crypto.news/crypto-phishing-losses-drop-to-43m-in-september-scam-sniffer/">phishing</a> attacks in September.
Figures like ZachXBT have dedicated time and expertise to address the ongoing issue. The pseudonymous security actor has contributed to dozens of seizures, providing on-chain analysis and tracking down stolen funds.
Last month, Miami police <a href="https://crypto.news/miami-police-arrest-crypto-scammers-behind-243m-theft/" target="_blank" rel="noopener noreferrer nofollow">arrested</a> two scammers behind a $243 million Bitcoin heist with ZachXBT’s help. The individuals were also indicted on formal charges by the U.S. Department of Justice after flaunting the wealth stolen from a sole Genesis creditor.
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Senior citizen’s Bitcoin recovered with ZachXBT’s help

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