Bitcoin
Bitcoin (BTC)
$94,929.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$1,784.94 -1.50642
Ethereum price
BNB
BNB (BNB)
$600.04 0.27835
BNB price
Solana
Solana (SOL)
$144.75 -0.97131
Solana price
XRP
XRP (XRP)
$2.13 0.00693
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.81952
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.11917
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -2.48965
Bonk price
dogwifhat
dogwifhat (WIF)
$0.540221 0.03606
dogwifhat price
Popcat
Popcat (POPCAT)
$0.384336 3.72734
Popcat price
Bitcoin
Bitcoin (BTC)
$94,929.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$1,784.94 -1.50642
Ethereum price
BNB
BNB (BNB)
$600.04 0.27835
BNB price
Solana
Solana (SOL)
$144.75 -0.97131
Solana price
XRP
XRP (XRP)
$2.13 0.00693
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.81952
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.11917
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -2.48965
Bonk price
dogwifhat
dogwifhat (WIF)
$0.540221 0.03606
dogwifhat price
Popcat
Popcat (POPCAT)
$0.384336 3.72734
Popcat price
Bitcoin
Bitcoin (BTC)
$94,929.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$1,784.94 -1.50642
Ethereum price
BNB
BNB (BNB)
$600.04 0.27835
BNB price
Solana
Solana (SOL)
$144.75 -0.97131
Solana price
XRP
XRP (XRP)
$2.13 0.00693
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.81952
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.11917
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -2.48965
Bonk price
dogwifhat
dogwifhat (WIF)
$0.540221 0.03606
dogwifhat price
Popcat
Popcat (POPCAT)
$0.384336 3.72734
Popcat price
Bitcoin
Bitcoin (BTC)
$94,929.00 0.78479
Bitcoin price
Ethereum
Ethereum (ETH)
$1,784.94 -1.50642
Ethereum price
BNB
BNB (BNB)
$600.04 0.27835
BNB price
Solana
Solana (SOL)
$144.75 -0.97131
Solana price
XRP
XRP (XRP)
$2.13 0.00693
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.81952
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.11917
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -2.48965
Bonk price
dogwifhat
dogwifhat (WIF)
$0.540221 0.03606
dogwifhat price
Popcat
Popcat (POPCAT)
$0.384336 3.72734
Popcat price

Kraken creates dummy crypto account to ‘bait’ con artists

Yana Khlebnikova
Edited by
News
Kraken creates dummy crypto account to ‘bait’ con artists

Kraken, a crypto exchange based in the United States, has developed an innovative way for identifying suspicious wallets by creating a phony cryptocurrency account on the exchange to “scam bait” criminals.

An imposter in a contact center pretended to be president Joe Biden and tried to con a streamer out of $450,000 in bitcoin.

Kitboga, a prominent streamer whose shows focus on provoking fraudsters, tweeted on May 10 that Kraken had created a “custom environment” for him to utilize in his latest encounter with a fraudster pretending to be president Joe Biden, with whom he had a similar encounter around a year earlier.

https://twitter.com/kitboga/status/1656068229851234306

How the scammers were tricked

Kitboga is seen in the attached video clip using a Kraken-created bogus cryptocurrency account to store almost $450,000 worth of Bitcoin.

The con artist then purportedly watches as Kitboga receives the money through the video remote computer screen-sharing software that the con artist convinced Kitboga to download.

Kitboga, playing the role of an old lady in the film, inputs an inaccurate wallet address before transferring the money to the fraudster, setting up the comedic climax. The con artist is now seething with rage and insults Kitboga with every foul term in the book.

Notably, it seems that the crook utilized a bitcoin wallet address hosted by Kraken, which allowed the cryptocurrency exchange to monitor the behavior and eventually identify them.