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Someone running a call center scam pretending to be President Joe Biden and trying to steal an amount of Bitcoin they believe is worth $450,000 from a streamer. However, things don’t go according to plan and instead create chaos and confusion.
Kraken, a cryptocurrency exchange in the United States, has come up with an innovative way to identify suspicious cryptocurrency wallets. They have created fake cryptocurrency accounts on their exchange to attract and trap fraudulent individuals.
On May 10, popular streamer Kitboga, who creates content about annoying scammers, posted a tweet stating that Kraken had provided him with a specially designed platform to interact with scammers. He used this environment to harass an impostor pretending to be President Joe Biden, whom he previously met about a year ago.
Joint Operation to Catch Crypto Fraudsters
In video clip accompanying the tweet, Kitboga is shown to have an amount of Bitcoin worth around $450,000 (which is equivalent to $27,506 at the current ticker price) in a fake cryptocurrency account provided by Kraken.
The scammer was able to view the funds through the screen-sharing software that he had convinced Kitboga’s character to download, and he became very excited at the prospect of a large sum of money entering his crypto wallet.
In the video, Kitboga plays the role of an old woman and mistakenly sends all the funds to the scammer’s wrong wallet address. The scammer got very angry and started using foul language to berate Kitboga.
It should be noted that the scammer has provided a Bitcoin wallet address hosted by Kraken, which allows the exchange to detect their activity and mark it as suspicious.
The collaboration between Kraken and Kitboga was made possible thanks to the efforts of the exchange’s chief security officer, Nick Percoco.
Kitboga has a significant following on social media platforms, with 1.2 million followers on Twitch and 3 million followers on YouTube. He creates comedic content that involves wasting call center scammers’ time by playing characters who are not tech-savvy.
In some cases, he even managed to take down fake websites used by fraudsters by reporting them to hosting companies.
According to his YouTube profile, Kitboga’s main goal is to expose and mock fraudsters who take advantage of people every day. He aims to waste their time, expose their lies and methods, and report on their activities whenever possible, while bringing humor to both serious and dark situations.
On May 1, Kitboga shared a video in which he discusses a new scam regarding Bitcoin and social security. Scams target victims via email or text messages claiming that unusual purchases have been made with their bank accounts.
Fraudsters involved in social security scams ask victims to call a given number and then claim that their identity has been stolen. They instruct victims to withdraw all their money, purchase Bitcoins, and send them to a “safe government wallet”.
In response, Kitboga had fun with these scammers by pretending to be the grandson who bought 10,000 BTC and then accidentally sent it to the wrong address.
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