French police have used a crypto sleuth's research to catch scammers
Five people have reportedly been charged for stealing $2.5 million worth of nonfungible tokens (NFTs) in a phishing scam
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The French police have reportedly caught several crypto scammers. The police were able to use the sleuth's information to track down and arrest the scammers. French police have been using crypto sleuth ZachXBT's research.
Christophe Durand, deputy chief of France’s national cyber unit, said he became aware of the incident after witnessing an investigation that self-described “on-chain sleuth” ZachXBT launched at the request of the Bored Ape Yacht Club series owners whose tokens had been stolen.
The suspects, who are in their 20s and 30s, allegedly used the stolen credentials to create a fake website that let people trade NFTs.
The suspects started scamming people by sending phishing emails with links that were designed to trick them into giving up their personal information. They then used this data to create fake profiles on social media platforms, including Facebook, Instagram, and Twitter, in order to advertise their services as "crypto experts."
After stealing the login credentials of Bored Ape Yacht Club members through phishing emails and phone calls, the accused created fake websites that allowed users to trade NFTs for real money.
