US crypto exchange Kraken provides a new method for flagging bad wallets – creating a fake crypto exchange account with “scam bait” bad actors.
Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers — revealed that Kraken created him a “custom environment” that he used to thwart a scammer pretending to be say President Joe Biden, who she once dated someone. years ago.
This is so much fun!
– Nick Percoco (@c7five) May 10, 2023
In the accompanying video clip, Kitboga can be seen with nearly $450,000 worth of Bitcoin (BTC) in his fake Kraken-created crypto account.
The scammer then saw the funds through the video remote computer screen-sharing software he allegedly tricked Kitboga’s character into downloading, and was excited about the huge potential payday.
However, the punchline comes when Kitboga, who portrays an elderly woman in the video, mistakenly enters the scammer’s wallet address before sending all the funds. As a result, the scammer got very angry and started taunting Kitboga with a lot of swear words.
Notably, the scammer appears to have provided a Kraken-hosted BTC wallet address, which is important for crypto exchanges to identify them and flag their activity.
The idea behind this collaboration seems to have been made possible by Kraken’s chief security officer Nick Percoco and Kitboga.
best crypto marketing i have seen on tiktok yet.
Kraken sponsors a huge scam baiter account. They created a normal environment for her to have sex with scammers pic.twitter.com/86p6FLA4g6
— Neeraj K. Agrawal (@NeerajKA) May 10, 2023
Kitboga has 1.2 million followers on Twitch and 3 million followers on YouTube. His content usually revolves around the comedic time-wasting of call center scammers by playing a bunch of non-tech-savvy characters.
In some cases, he was also able to get their dubious websites taken down by reporting the fraud to the hosting companies that these websites are hosted on.
“Every day there are scammers taking advantage of people. I call them out for wasting their time, walk people through their ‘script’ and lies, report the information when I can, and if not, give the light in a dark situation,” his YouTube profile reads.
Cointelegraph has reached out to Kitboga for comment.
In a video on May 1, Kitboga highlighted a new “social security scam” related to BTC that targets victims via email or text message claiming that the strange purchases made using their bank accounts.
Related: Crypto scams, exploits and hacks in April led to $103M lost — CertiK
However, when victims call the numbers provided, the scammers claim that their identities have been stolen and they need to withdraw all their money, buy BTC and send the funds to a ” secure government purse.”
Kitboga apparently had fun with these scammers by pretending to get their “grandson” to buy 10,000 BTC and send it to the wrong address.
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