- ZachXBT alerted the cryptocurrency neighborhood to the suspected actions of a serial scammer.
- Crypto detectives recognized scammer exercise on LeaperFinance, ZebraLending, and GloriFinance.
- Fraudsters have launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche, and extra.
ZachXBT, the self-proclaimed 2D detective of the cryptocurrency business, has alerted the cryptocurrency neighborhood to current actions involving what seems to be a serial scammer. In a sequence of posts over the weekend, ZachXBT identified that scammers are returning to the blockchain ecosystem and scamming unsuspecting customers with varied protocols.
On-chain detectives initially warned X customers that the group of fraudsters who stole eight figures from Magnate, Kokomo, Lendora, Solfire, and others had returned with a brand new challenge at Blast as LeaperFinance. In accordance with ZachXBT, the scammers started funding addresses on Blast with about $1 million in funds laundered from earlier rugs and including liquidity to lure individuals in.
In the meantime, cryptocurrency sleuths shared traceable particulars of how scammers moved funds between varied wallets and chains, together with ETH bridges and swap transactions. He stated a bunch of fraudsters had beforehand stolen all person funds deposited into the protocol after rising the whole worth locked (TVL) to seven digits and used low-tier auditing companies to falsify KYC paperwork. he identified.
Moreover, ZachXBT claimed that the identical group of fraudsters is behind Base's ZebraLending. He famous that the product is at present operating at a TVL of $311,000 and warned customers to withdraw funds they’ve deposited into the protocol.
ZachXBT additionally highlighted that the identical group is behind the GloriFinance protocol launched on the Arbitrum community. On the time of posting, an on-chain detective famous that this protocol allowed him to build up as much as $1.4 million in TVL. Particularly, he recognized three fraudulent initiatives that had been all Compound V2 forks.
Offering additional proof, ZachXBT identified that shut commentary revealed that every one high GLORI holders added liquidity with funds from the Crolend/HashDAO/HellHoundFi rip-off. He additional claimed that the fraudsters have launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche, and many others.
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