• An investigation by blockchain sleuths ZachXBT uncovered one single wallet responsible for launching 114 meme coin scams in the past 45 days.
• It is believed that the Twitter account NazareAmarga, also known as Gabriel Marques, is responsible for launching a malicious-appearing meme coin to defraud owners of authentic Nakamigos NFT project tokens.
• The suspect had used several wallets to distribute the stolen money, and it was discovered that part of the stolen assets were wired to a Coinbase account.
Investigation by Blockchain Sleuth Uncovers Crypto Fraud
According to an investigation conducted by blockchain sleuths ZachXBT, one single address is responsible for launching “114 meme coin scams” in the previous 45 days. It is believed that the Twitter account NazareAmarga, also known as Gabriel Marques, is responsible for launching a malicious-appearing meme coin to defraud owners of authentic Nakamigos NFT project tokens.
Amount of Money Stolen
Because the suspected con artist in issue had utilized several different wallets to distribute the stolen money, the independent blockchain detective could not compute a monetary value to represent how much money the alleged con had managed to steal. However, it was speculated that around $110,000 worth of ether (ETH) was defrauded from users.
Wallet Address Tattooed On Suspect’s Back
This week, ZachXBT seems to have identified yet another possible con artist using the wallet address tattooed on the suspect’s back. In this distinct case, ZachXBT made this discovery when he followed up on transactions made with this particular wallet address.
Money Sent To Coinbase Account Reveals Personal Identity
Lucrafund, another user on Twitter also conducted some investigating and shared a snapshot of his findings on the thread. The image demonstrated that part of stolen assets were sent to a Coinbase account which revealed personal identity information about someone involved in these fraud activities and raised questions from certain Twitter users about whether Coinbase was aware or not about these suspicious activities taking place with its platform.
The investigation by ZachXBT has uncovered an individual engaging in crypto fraud activities through 114 meme coins scams over 1.5 months and stealing around $110K worth of Ether (ETH). It has been discovered that part of these funds were sent off towards a Coinbase account which reveals personal identity information about those behind these fraudulent actions raising questions about potential ignorance from Coinbase regarding all this activity taking place within its platform