A recent investigation details the activities of a scammer who uses social engineering to defraud Coinbase users.
Scamming Methods
The alleged culprit, known as "PawsOnHips," is accused of running a call center that specializes in social engineering attacks. Scammers impersonated Coinbase support staff, tricking victims into visiting fraudulent websites to steal their cryptocurrency.
Case of the Elderly Victim
One particularly notable incident occurred in November 2024, when $240,000 was stolen from an elderly victim. The investigation traced the stolen funds to three distinct addresses, including a Roobet casino.
Lavish Lifestyle
The investigation indicates that the scammer indulged in a lavish lifestyle funded by the stolen money, purchasing luxury items like a custom-decalled Corvette and a high-end Rolex watch, while openly showcasing his wealth. In a bold move, he even posted a provocative photo on Discord that highlights his audacity.
This investigation emphasizes the ongoing threat of scams in the cryptocurrency space and the importance of user vigilance when interacting with platforms.
