Cryptocurrency trader falls victim to elaborate phishing scheme, loses 22 ETH By Investing.com

In a recent turn of events, a cryptocurrency trader known as @yyctrader1 fell victim to an elaborate phishing scam, leading to the loss of his Ethereum (ETH) portfolio. The incident occurred on Tuesday, when the trader was deceived by hackers posing as representatives from FriendMEX. The scammers managed to trick @yyctrader1 into clicking a link during a phone call, which resulted in the compromise of his Friend.tech wallet.

The scammers, one with an Asian accent and another with an American accent, made initial contact with the trader through shared common servers. After successfully tricking him into clicking the malicious link, they swiftly transferred his funds. The total loss amounted to 22 ETH, valued at approximately $34,800 at the time of the incident.

Following the transfer of funds, the scammers went as far as scheduling a follow-up call with @yyctrader1. The stolen assets were moved via Orbiter from Base to Ethereum and some were subsequently deposited into Binance.

The aftermath saw @yyctrader1’s account balance “nuked to 0”, as reported by PeckShieldAlert, a blockchain security company that tracks and reports on such incidents. In response to this unfortunate event, @yyctrader1 has reached out to Binance for assistance in tracking and possibly recovering his stolen assets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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