United States crypto exchange Kraken offers a new method for flagging nefarious wallets – creating a fake crypto account for “scam bait” bad actors on the exchange.
Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers — revealed that Kraken had built him a “custom environment” that he used to create a web site of an impersonator impersonating President Joe Biden. done to frustrate scammers who previously had a Quarrel With about a year ago.
It was great fun!
— Nick Percoco (@c7five) May 10, 2023
In the accompanying video clip, Kitboga can be seen with approximately $450,000 worth of bitcoin (B T c) in his Kraken-created fake crypto account.
The scammer then video-remotely views the money via the computer screen-sharing software he tricked the character Kitboga into downloading, and becomes very excited about a large potential payoff.
However, the punchline comes when Kitboga, who plays an elderly woman in the video, enters the wrong way. scammer’s wallet address before sending all the funds. As a result, the scammer becomes extremely angry and starts harassing Kitboga with many profanities.
Specifically, the scammers supplied Kraken-hosted BTC wallet addresses, essentially enabling crypto exchanges to identify them and flag their activity.
The collaboration seems to have been made possible by Nick Percocco, the chief security officer of Kraken, and Kitboga.
Best crypto marketing I have seen on TikTok so far.
Kraken sponsored a major scam account. They built him a custom environment so he can fuck with scammers pic.twitter.com/86p6FLA4g6
Neeraj K. Aggarwal (@neerajka) May 10, 2023
Kitboga has 1.2 million followers on Twitch and 3 million followers on YouTube. Their content usually revolves around wasting time call center scammers By creating a bunch of non-tech-savvy characters.
In some cases, he has even managed to get them suspicious websites The hosting companies that stored these websites were reported as frauds and taken down.
“Scammers are taking advantage of people every day. I admonish them for wasting their time, walking people through their ‘scripts’ and lies, reporting information when I can, and making light of an otherwise dark situation,” he wrote on YouTube. Profile read.
Cointelegraph has reached out to Kitboga for comment.
In a video dated May 1, Kitboga highlighted a new BTC-related “Social Security scam” that targets victims via email or text message, claiming to have made strange purchases from their bank accounts. Has been.
Connected: April crypto scams, exploits and hacks caused $103 million in losses — CertiK
However, when victims call the numbers provided, the scammers claim that their identities have been stolen and that they need to withdraw all their cash, buy BTC, and send the funds to a “secure government wallet.”
Kitboga apparently had fun with these scammers by pretending to get his “grandson” to buy 10,000 BTC and send them to the wrong address.
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