Topic: Bitcoin Theft - page 2. (Read 354 times)

I am glad they got caught, the number of scams in this market is very high and this is because scammers think they can get away with their crimes and they are not going to suffer negative consequence for their actions, and unfortunately for the most part they are right since most scammers get away with their crimes for years, they only got caught because they were careless and while their sentence is not really that long at least they now know they cannot scam people with impunity over the Internet.

I think this is old news: Canadian Bitcoin Scammer to Face Two Years Jail for $140k Twitter Fraud.

Oh man, I've been very close to being scammed recently. Sometimes they impersonate the support accounts so well (especially on Telegram where you don't have "verified" ticks) you just can't make a difference.

In my case, I've posted a question in the Telegram group of an exchange and someone from the "Support Team" has contacted me asking me if I needed help. While talking to him, I had a little break of ~20 minutes from the phone but I had absolutely no suspicion the guy was a scammer because it impersonated one of the Admin accounts on the exchange group very well. However, 20 minutes later, I had the exact same message received from more than 5 different accounts acting as the moderators. Ironically, I still had 0 suspicions but I did not proceed to give them any details as my issue was fortunately already solved.

Weeks later, I opened up Telegram and all these accounts were banned and had a "SCAM" flair next to them.

It's quite easy to be scammed even if you're experienced. YouTube and Twitter "giveaways" aside, this is an easy thing to do and in my case never made me suspect something fishy is going on.

Take care and triple-check who you're talking with every time. You never know who truly is behind the screen.

This is like sending private message to someone informing them of winning an award, price or gift and then asking you to send send personal details to confirm or redeem it. In such situation, you should know it is scam.
Personally, I have received such message and the best thing to do is to ignore such message.

Its social engineering. They are not asking for your coin, they fish people in social media to impersonate "official support", then they proceed to ask things like Account name (login), and try for example a lost password recovery (rather than asking you for the password), so if you have one of those dreaded "security questions" the impersonator will tell you something to the lines of "to verify your account, you have to answer our security question" (which happens to be the one the system is asking them real time).

They can also keep inventing excuses like that to reach all your important things like email, etc. Or use malware exploits or a combination.

I find more colorful what they did with the stolen money: Buy a luxury car, and gamble the money in Las Vegas... I would say very very stupid of them, its the only reason they got caught in the first place. They failed some money laundering checks (where did the money came from).

Of course, you should also not fall to social engineering tricks.

I think it is some how funny how some people fall for some of these scammers. if I have an issue with an exchange they do have customer support, why not contact them, when someone from an exchange contact you asking for your coin, then you should run from that exchange, because something doesn't add up

oh wow that is the story of 2 year. Taking so long for a fair desicions

Two Canadian were imprisoned for 2 years after being caught from stealing 23.2 bitcoin in Twitter for scamming someone back in 2017. According to the US Department of Justice, 23-year-old Karanjit Khatar and 24-year-olds Jagroop Khatkar are two Canadian that were sentenced to imprisonment for laundering money and conspiracy to commit wire fraud.

Back in 2017 using the Twitter platform, scammers impersonated customer service of HitBTC (a Hong Kong-based crypto exchange) with a username of @HitBTCAssist. They responded to a question concerning the withdrawal process and the two were able to convince the Oregon resident to forward sensitive information which leads the scammers to transfer an amount of 23.2 bitcoin to their wallet. During the time of the theft, the amount was about $130,000.

After receiving that amount of bitcoin, the two divided the money into equal parts and within just two days, Karanjit was able to purchase a luxury car of Mercedes Benz and was able to gamble in high-end casinos in Las Vegas. Karanjit was arrested in the airport in July 2019 and the two pleaded guilty in December.

Source:

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This is a lesson for each and every one of us that we shouldn't be trusting everyone here on the internet. It's easy to create a Twitter account and act as if you're a legit account so we should really be careful when sharing private information (we shouldn't do that in the first place). They may look like a real account but of course, it's what they need to fool people. There is a high risk of getting scammed on the internet especially if they know that you have cryptocurrency. Scam and fraud are very common in this field so we should really be careful with our assets. We should know whether to trust someone or not.

I have already seen a lot of news like this and I'm sharing it with everyone to avoid being one of them. We wouldn't want to lose big amounts and our hard-earned money, right? If we were able to learn how to earn money, we should also learn how to keep that money safe from scammers. Let's learn from what kind of news we are seeing.

It's just sad to think that the scammer used the money for his own good. He manages to buy and do the things he wants. He lives in a luxury life using the money he didn't earn. If that was my money, I don't know what to do anymore. But gladly that they were already caught. Although I don't know if two years was enough as a punishment (aside from the fine). After two years they can still repeat scamming others.

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PS: I'm not posting this to promote the site, I just want to share the news with everyone. Thank you!