On July 15th, Twitter Hack Scam became the focus of the day. The attackers had access to 130 accounts and used 45 of these to ask the public to send bitcoin.1 Many high-profile personal and company accounts such as Bill Gates, Joe Biden, Barack Obama, Jeff Bezos, Apple and Uber were targeted in the massive cryptocurrency scheme.
Scorechain keeps a close eye on this incident since the beginning. On July 16th, Scorechain Bitcoin Analytics Platform detected that scam bitcoins were on the move, hackers were trying to launder and to split the amounts. https://www.linkedin.com/feed/update/urn:li:activity:6689437208283373568
On July 17th, we noticed that scammers were using mixers to cash out / launder the funds: https://www.linkedin.com/feed/update/urn:li:activity:6689999841285820417
This week from July 20th, the funds are moving again. Thanks to the real-time alerts system on Scorechain Bitcoin Analytics Platform, we are notified that 3 withdrawal transactions happened during the week.
So far, most of the funds(about 65%) still stay in the wallet, while around 10% of the funds already went to mixing services including Wasabi wallet (9.3553%, 4.06BTC) and Chipmixer (0.75%, 0.325533BTC).
A part of the funds were moved to different exchanges such as Poloniex, Coinbase, Bitcoin.co.id, Huobi, Okex, Yobit.net, Paxful, Bitfinex, Kraken, Luno, Binance, Coins.ph - Coins.co.th and so on.
Some funds turned to services like Bitpay, Wirex etc.
During this period, victims still deposit different amounts of bitcoins in this scam wallet, the biggest amount reached 2.036BTC (about $19351).
Scorechain suggests that the public be careful about any kind of scams especially during the Covid-19 crisis when many crypto-related investment scams are widely spreading.
Scorechain Blockchain Analytics can detect fraud patterns and protect the users from money laundering risks and other suspicious activities. If you are interested in our product, please contact us: contact@scorechain.com
About Scorechain: Specialised in crypto-tracking compliance tools since 2015, the Luxembourgish company provides AML & Compliance solutions for cryptocurrencies. It serves customers worldwide, mainly cryptocurrencies companies, OTC trading desks, ICOs, private banks, audit firms, and custodians. The company serves customers in 29 different countries with 150+ licenses. Scorechain Analytics Suite covers Bitcoin including Lightning Network, Ethereum analytics with more than 250,000 ERC20 and stablecoins, XRP Ledger, Litecoin, Bitcoin Cash, Dash and Tezos. All products are available both on UI and API, with full customization and reporting features. With a powerful and unique scoring system, Scorechain’s products allow traditional finance players and cryptocurrency companies to apply a risk-based approach for this new class of assets and fulfil all new regulation requirements.
Visit our website to know more about Scorechain:http://www.scorechain.com
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