Blockchain Fraud Allegedly Launder $1M to Base Network

It is claimed that a band of swindlers have transferred more than a million dollars worth of ill-gotten gains to the Base network, intending to use it for a fresh illegal endeavor.

Based on the findings of blockchain analyst ZachXBT, this team is known for starting deceptive initiatives that attract unwitting investors. Sadly, they often take the money and vanish without a trace.

Warning to the Community: The notorious gang of scammers, including Magnate, Kokomo, Lendora, Solfire, among others, have resurfaced on Blast @Leaperfinance. They recently raised approximately $1 million in tainted funds from their past schemes and are now working on adding liquidity to a new project.

— ZachXBT (@zachxbt) April 14, 2024

The Ethereum address associated with this group’s latest scheme has a history of past scams. They move their assets from this address to the Polygon network, where they convert them into wETH. After passing through bridges like Orbiter and Bungee, they reach Blast, a Layer-2 solution introduced by Blur’s founder Tieshun Roquerre.

New development: The same con artists may be responsible for managing @ZebraLending on the Base platform, which currently boasts a TVL (Total Value Locked) of $311,000.Please withdraw your assets as soon as possible if you have deposited funds in this protocol.For investigation purposes: – 0x085 sends 30 wETH to 0x9f8 on Base…— ZachXBT (@zachxbt) April 14, 2024

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2024-04-15 04:05