Crypto scams have turn into extra frequent and extra subtle because the trade grows. Billions of {dollars} have been taken by malicious actors concentrating on crypto customers, and even these with a technical background have didn’t keep away from them.
Coinbase's inventory value tendencies to the upside on the day by day chart. Supply: COINUSD on Tradingview
Coinbase Scams Impacts Aged Victims
Prime investigator ZachXBT unveiled a rip-off allegedly carried out by Christian ‘DayTwo’ Nieves. In line with the investigation, the unhealthy actor stole over $4 million from Coinbase customers by impersonating a buyer assist consultant for the crypto change.
As seen on the picture beneath, and as per the investigation, the perpetrator used the stolen funds to purchase luxurious objects. ZachXBT claims that a lot of the stolen funds have been misplaced whereas playing at on-line casinos.
DayTwo's Instagram account exhibiting luxurious objects allegedly bought with stolen funds. Supply: ZachXBT by way of X
The investigator defined the Modus Operandi utilized by DayTwo to conduct the rip-off. As per the findings, the unhealthy actor operated a name middle the place he additionally labored as a caller, later he satisfied crypto customers to put in and arrange a Coinbase pockets.
These pockets’s personal keys have been compromised, permitting the group to maneuver and withdraw funds with out the homeowners’ authorization. With a view to confirm the malicious actions carried out by Daytwo and his associates, ZachXBT tracked a $240,000 transaction stolen from an aged sufferer.
As seen within the video, recorded in November 2024, $240,000 have been straight linked to the pockets concerned within the rip-off. A portion of the stolen property have been transformed to Monero (XMR) and deposited into an internet on line casino, Roobet.
5/ Daytwo likes to gamble on Discord calls with associates.
The recording beneath reveals his Roobet username ‘pawsonhips’ the place he leaks his deposit handle in a browser tab.
0x940970549037634c517deb741b16112b52e0ced1 pic.twitter.com/i38XVbocUu
— ZachXBT (@zachxbt) June 23, 2025
Stolen Funds Misplaced in Crypto Playing
ZachXBT additionally claims that it was traditional for DayTwo to gamble together with his associates whereas streaming on Discord. In considered one of these classes, DayTwo reveals his person title for the web on line casino Roobet, ‘pawsonhips,’ unintentionally leaking one of many addresses related to the scams.
The investigator acknowledged:
I traced out his on line casino deposit handle which hyperlinks onchain to 30+ suspected thefts. I anticipate there’s many extra victims I’m unable to straight hyperlink. Whereas there’s probably overlap between a number of menace actors the overwhelming majority of exercise pertains to Daytwo.
As DayTwo misplaced increasingly funds on the web on line casino, and the proceeds from the scams declined, the much less funds he deposited on Roobet. Furthermore, the unhealthy actor and his associates additionally overtly mentioned felony actions on their Discord calls. ZachXBT added:
It’s uncommon we see a social engineering scammer with such blatant disregard to masks their id whereas flexing stolen funds throughout social media. As Daytwo isn’t a minor it’s a slightly straightforward case for regulation enforcement to pursue. Sadly any restoration for victims is probably going a small quantity given the funds have been principally gambled away after thefts.
Cowl picture from Unsplash, chart from Tradingview
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