If you want to be a cryptocriminal, be careful with crypto detectives

Another cryptodetective has helped the FBI find a cryptocriminal

TL: DR:

  • The FBI confiscated $ 100,000 in NFT and 86.5 ETH from a reported phishing scammer.
  • The alleged scammer, Chase Senecal ( also known as Horror ( HZ ) ), was exposed through an investigation by independent blockchain detective ZachXBT.
  • The seized property included Bored Ape Yacht Club # 9658 and Doodle # 3114 NFT and an Audemars Piguet Royal Oak watch worth $ 41,000.
  • The seizure was made on October 24 and is the result of a federal seizure for violation of federal law.

The NFT Scam Boom

The rise of cryptocurrencies and non-expendable tokens ( NFT ) has brought with it an increase in cryptocurrency scams and NFT scams. These fraudulent activities not only harm the people who are victims of them, but also harm the entire crypto community and hinder the growth of technology. In a recent move to combat these scams, the Federal Bureau of Investigation ( FBI, ) confiscated NFT and Ether worth more than $ 100,000 from an alleged phishing scammer.

The scammer in question, Chase Senecal ( also known as Horror ( HZ ) ), was exposed through an investigation by independent blockchain detective ZachXBT, which was published in September. The FBI’s official notice, released on February 3, details that Seneca’s property was seized for federal confiscation for violation of federal law. The seized NFTs included Bored Ape Yacht Club # 9658 and Doodle # 3114 and were valued at $ 95,495 and $ 9,361 at the time of seizure, while the 86.5 ETH was valued at $ 116,433.

FBI launches GREAT SHADOW after seizing Bored Ape NFT from scammer

A hero and his name is ZachXBT

ZachXBT’s investigation played a key role in helping the FBI identify Senecal and his activity on the network. After seeing Horroz ( HZ ) show off an eye-catching Royal Oak watch by Audemars Piguet ( AP ) on social media, ZachXBT tracked the watch payment to a blockchain address that was funded by various addresses used in phishing scams. This information eventually assisted the FBI in seizing Senecal’s property.

It is worth noting that this is not the first time that the ZachXBT investigation has helped government authorities catch suspected scammers. In October, France’s national cyber unit cited ZachXBT’s work to help him catch and accuse a group of people suspected of stealing $ 2.5 million in NFT through scams of phishing.

The FBI’s seizure of NFT and Ether from an alleged phishing scammer is a step in the right direction for the cryptocurrency community and a sign that authorities they are taking the issue of cryptocurrency and NFT scams seriously. It is crucial to the growth of technology that these scams end, and it is encouraging to see the efforts being made by the FBI and people like ZachXBT to make this happen.

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