The US crypto exchange Kraken has introduced a new method for reporting malicious wallets – creating fake crypto accounts and exchanges for “scam” actors.
Tweeting on May 10, the popular Kitboga – whose content revolves around annoying scammers – revealed that Kraken built him a “custom environment” that he used to harass a scammer posing as the President Joe Biden. Kitbot had been running with the scammer for about a year.
In the following music video, Kitboga can be seen with approximately $450,000 of Bitcoin BTC ($27,481) and its fake crypto account built by Kraken. The scammer sees the money through remote computer screen sharing software that he claims he tricked Kitboga’s character into downloading, and is excited for a big payday.
However, the sign comes after Kitboga, who portrays an elderly woman in the video, mistakenly entered the scammers’ wallet address before sending any money. As a result, the scammer was very angry and started insulting Kitboga with many happy words.
Apparently, the scammer appears to have provided a Kraken-approved BTC wallet address, which allows crypto exchanges to identify them and report their activity. All of this seems to be possible through the collaboration between Kitboga and Kraken’s chief security officer, Nick Percoco.
Kitboga has 1.2 million subscribers on Twitch and 3 million subscribers on YouTube. His content often revolves around scammers in between funny calls that take a while to call a bunch of non-technical characters.
In some cases, he managed to get rid of their bad websites by telling the company that manages the fraudsters who protect these websites. “Every day, there are scammers who take advantage of people. I call them not to waste their time, explain to people their “script” and their lies, report when I can and do light in a dark situation”, we read on his YouTube. profile. Cointelegraph contacted Kitboga for comment.
In a video from May 1, Kitboga announced a new BTC-related “public safety scam” that targets victims via email or text message claiming that their bank account has been used to purchase various items. However, when the victims call the given numbers, the scammers claim that their identity has been stolen and that they will withdraw all their money, buy BTC and send the money to a “secured government wallet”. .
Apparently Kitboga had fun with these scammers by pretending to trick their “grandson” into buying 10,000 BTC and sending it to the wrong address.
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