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Bitcoin
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$62,891.00 0.31935
Bitcoin price
Ethereum
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$3,378.77 0.97327
Ethereum price
BNB
BNB (BNB)
$562.81 0.77629
BNB price
Solana
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$154.75 1.62554
Solana price
XRP
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$0.5411780 1.51186
XRP price
Shiba Inu
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$0.0000188 4.26861
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Pepe
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$0.0000116 22.38415
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Bonk
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$0.0000260 7.42402
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Bitcoin
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$62,891.00 0.31935
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Ethereum
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$3,378.77 0.97327
Ethereum price
BNB
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$562.81 0.77629
BNB price
Solana
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$154.75 1.62554
Solana price
XRP
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$0.5411780 1.51186
XRP price
Shiba Inu
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$0.0000188 4.26861
Shiba Inu price
Pepe
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$0.0000116 22.38415
Pepe price
Bonk
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$0.0000260 7.42402
Bonk price
Bitcoin
Bitcoin (BTC)
$62,891.00 0.31935
Bitcoin price
Ethereum
Ethereum (ETH)
$3,378.77 0.97327
Ethereum price
BNB
BNB (BNB)
$562.81 0.77629
BNB price
Solana
Solana (SOL)
$154.75 1.62554
Solana price
XRP
XRP (XRP)
$0.5411780 1.51186
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000188 4.26861
Shiba Inu price
Pepe
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$0.0000116 22.38415
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Bonk
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$0.0000260 7.42402
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Kraken creates dummy crypto account to ‘bait’ con artists

kraken-creates-dummy-crypto-account-to-bait-con-artists
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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.