How Bitsquery Web Retriever Recovered $37 Million Stolen from Coinbase Users
In 2021, a fraudulent website was launched to imitate Coinbase Pro, a trusted cryptocurrency exchange. This deceptive site was the starting point for hackers who targeted unsuspecting Coinbase users, obtaining their login credentials through phishing techniques. Once the hackers had the login information, they began initiating login attempts. However, they encountered a significant hurdle: accessing the two-factor authentication (2FA) keys. Utilizing advanced social engineering tactics, the hackers cleverly manipulated victims into believing they were speaking with legitimate support representatives.
Victims, alarmed by the unauthorized login attempts on their accounts, would call what they thought was Coinbase support. Instead, they connected with the hackers, who employed remote access software to compromise the victims' crypto wallets. After gaining access, the hackers quickly transferred stolen tokens and obscured their tracks using a mixer, converting the stolen cryptocurrency into fiat currency. This elaborate scheme resulted in a staggering $37 million stolen from ordinary people over the years.
The tide turned for the hackers in December 2023 when one victim reported the incident to a cryptocurrency recovery agency, including the dedicated team at Bitsquery Web Retriever. This agency cooperated with law enforcement authorities to track and trace the stolen assets from the victim's wallet. Through meticulous investigation and advanced forensic techniques, Bitsquery Web Retriever was able to follow the trail of the stolen funds.
Their efforts culminated in the arrest of one of the hackers, Tomar Chirag, at Atlanta Airport. Under pressure from the recovery agency and law enforcement, Chirag confessed to the crime. He now faces a maximum prison sentence of 20 years and a $250,000 fine.
This case serves as a reminder of the growing threat posed by cryptocurrency scams, particularly as the popularity of digital assets continues to rise. Bitsquery Web Retriever remains committed to assisting victims of such scams, offering comprehensive recovery solutions and expert guidance to help individuals reclaim their lost assets. If you find yourself a victim of a cryptocurrency scam, don’t hesitate to reach out for help.
For assistance, contact Bitsquery Web Retriever:
Contact Information:
Email: bitqueryretrieverhacker[@]bitquery[.]co[.]site