{"id":18787,"date":"2024-11-21T11:12:41","date_gmt":"2024-11-21T09:12:41","guid":{"rendered":"https:\/\/forklog.com\/en\/casa-founder-uncovers-scammers-targeting-tactics\/"},"modified":"2024-11-21T11:12:41","modified_gmt":"2024-11-21T09:12:41","slug":"casa-founder-uncovers-scammers-targeting-tactics","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/casa-founder-uncovers-scammers-targeting-tactics\/","title":{"rendered":"Casa Founder Uncovers Scammers&#8217; Targeting Tactics"},"content":{"rendered":"<p>A perpetrator involved in a scam targeting Coinbase users shared details of his operation in a conversation with Casa co-founder Nick Neuman.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Recently I was called by someone pretending to be Coinbase support, trying to steal bitcoin.<\/p>\n<p>I decided to turn the tables on him and ask him about being a scammer.<\/p>\n<p>Things got wild \u2014 he completely changed his personality &#038; told me everything. <\/p>\n<p>Presenting: To Catch a Scammer ?\ufe0f\u200d\u2642\ufe0f <a href=\"https:\/\/t.co\/OZ6TQAiq5s\">pic.twitter.com\/OZ6TQAiq5s<\/a><\/p>\n<p>\u2014 Nick Neuman (@Nneuman) <a href=\"https:\/\/twitter.com\/Nneuman\/status\/1859279048179863582?ref_src=twsrc%5Etfw\">November 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Neuman, on November 20, he received a call from someone claiming to be a Coinbase employee, who informed him of a non-existent password change request and asked him to click on a phishing link in an email. The businessman seized the opportunity to question the scammer about his work.<\/p>\n<p>The scammer revealed that the scheme generates five-figure sums in dollars weekly. The process is streamlined: operators use contact details from a database that automatically includes additional information about potential victims, including their assets and positions.<\/p>\n<p>To Neuman&#8217;s surprise, the primary targets of the fraudsters are advanced cryptocurrency users. The contact list includes Coinbase clients with assets of $50,000 and above. The information was sourced from the Unchained Capital database, which the scammer claimed was easily accessible.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We don&#8217;t call the poor. Our information is taken from a database of those with $50,000 and above. We have the Unchained database, and we assume that if you&#8217;re interested in cryptocurrencies, you have a Coinbase account,&#8221; the scammer noted.<\/p>\n<\/blockquote>\n<p>He stated that the scheme&#8217;s organizers deliberately target managers and programmers &#8220;because they have money.&#8221; Education and experience, it turns out, do not play a significant role. A sufficient percentage of advanced users fall victim to the scam to justify the effort spent finding and &#8220;processing&#8221; them.<\/p>\n<p>During the conversation, it emerged that Neuman was fortunate: typically, operators have access to fake email addresses with the Coinbase domain, but on that day, due to technical issues, the scammers were without it, making the attempt less convincing.<\/p>\n<p>The scammer emphasized that his task was not to get a click on the phishing link, but to persuade the victim to transfer cryptocurrency to the desired wallet.<\/p>\n<p>The stolen assets were laundered through Tornado Cash, with some converted into Monero. Instead of platforms with <span data-descr=\"Know Your Client (know your customer) \u2014 procedures for verifying the identity and data of a client\" class=\"old_tooltip\">KYC<\/span>, they used hardware wallets. For conversion to fiat, intermediaries were employed.<\/p>\n<p>One commentator on X noted that the call sounded staged and was surprised that the scammer readily disclosed the scheme to the head of a crypto project.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">&#8220;You&#8217;re the ceo of cah-sah, whatever the fuck that is&#8221; ???<\/p>\n<p>\u2014 Rob Hamilton (@Rob1Ham) <a href=\"https:\/\/twitter.com\/Rob1Ham\/status\/1859279943366054342?ref_src=twsrc%5Etfw\">November 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The scammer mentioned that there is little time to process a contact. If something goes wrong, such as the victim not having a Coinbase account, the operator often simply hangs up.<\/p>\n<p>Another user pointed out that the whole story seemed like excellent advertising for Casa, a provider of non-custodial storage solutions.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">This is hands down the greatest Casa Marketing pitch I&#8217;ve ever seen<\/p>\n<p>\u2014 Keags (@ProofOfKeags) <a href=\"https:\/\/twitter.com\/ProofOfKeags\/status\/1859296481057837204?ref_src=twsrc%5Etfw\">November 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Neuman assured the audience that the call was not staged and there was no deception involved.<\/p>\n<p>In October, analyst ZachXBT estimated that Coinbase users had lost $100\u2013150 million to fraudulent schemes over the past year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A perpetrator involved in a scam targeting Coinbase users shared details of his operation in a conversation with Casa co-founder Nick Neuman. Recently I was called by someone pretending to be Coinbase support, trying to steal bitcoin. I decided to turn the tables on him and ask him about being a scammer. Things got wild [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1111,1246],"class_list":["post-18787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybersecurity","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18787"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18786"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}