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$330M Bitcoin Scam Unfolds — UK Rap Scene Pulled Into Crypto Chaos
One of the largest Bitcoin scams in history has just come to light: an elderly U.S. investor lost 3,520 BTC (worth over $330 million). The stolen funds were swiftly laundered via instant exchanges and Monero (XMR)—causing a 40–50% surge in XMR’s volume. While $7M has been frozen, most of the funds have vanished into the blockchain shadows.
Key suspects include:
Nina, a call center operator based in Camden, London
Mo, her alleged accomplice
But things take an unexpected turn…
UK drill rapper Broadday was reportedly kidnapped after flexing that his brother earned "millions" from the stolen BTC. Sources claim the setup came through LB (D Block Europe) and his associate Gutta, under the pretense of a luxury watch sale.
No police report has surfaced — yet. But the crypto and rap worlds just collided in one of the wildest twists we've seen this year.
#CryptoCrime #Bitcoinscam #BitcoinNews #Monero #BlockchainSecurity
$BTC $ETH $BCH
One of the largest Bitcoin scams in history has just come to light: an elderly U.S. investor lost 3,520 BTC (worth over $330 million). The stolen funds were swiftly laundered via instant exchanges and Monero (XMR)—causing a 40–50% surge in XMR’s volume. While $7M has been frozen, most of the funds have vanished into the blockchain shadows.
Key suspects include:
Nina, a call center operator based in Camden, London
Mo, her alleged accomplice
But things take an unexpected turn…
UK drill rapper Broadday was reportedly kidnapped after flexing that his brother earned "millions" from the stolen BTC. Sources claim the setup came through LB (D Block Europe) and his associate Gutta, under the pretense of a luxury watch sale.
No police report has surfaced — yet. But the crypto and rap worlds just collided in one of the wildest twists we've seen this year.
#CryptoCrime #Bitcoinscam #BitcoinNews #Monero #BlockchainSecurity
$BTC $ETH $BCH
🚨 ALERT: Hackers Are Sending Fake Bitcoin Rewards to Steal Your Data! 🚨
#Cybercriminals are using fake Bitcoin($BTC )giveaways to trick users into giving them access to their devices and wallets! Here’s how the scam works:
🔴 Step 1: Fake Reward Message
You receive a message on email, social media, or messaging apps claiming you’ve won free Bitcoin.
🔴 Step 2: Malicious Link
The message includes a link to claim your reward, leading to a website that looks official.
🔴 Step 3: Wallet Connection Request
The site asks you to connect your crypto wallet or download an app to “receive” the BTC.
🔴 Step 4: Device & Wallet Compromised
Once you connect, hackers gain access to your wallet, personal data, and even your device!
⚠️ How to Stay Safe:
✅ Never click on random reward links.
✅ Always verify websites before entering your details.
✅ Never connect your wallet to unknown platforms.
✅ Use cold storage wallets for added security.
🚫 If it sounds too good to be true, it’s a scam! 🚫
#CryptoScamAlert #BitcoinScam #StaySafe #CyberSecurity
#Cybercriminals are using fake Bitcoin($BTC )giveaways to trick users into giving them access to their devices and wallets! Here’s how the scam works:
🔴 Step 1: Fake Reward Message
You receive a message on email, social media, or messaging apps claiming you’ve won free Bitcoin.
🔴 Step 2: Malicious Link
The message includes a link to claim your reward, leading to a website that looks official.
🔴 Step 3: Wallet Connection Request
The site asks you to connect your crypto wallet or download an app to “receive” the BTC.
🔴 Step 4: Device & Wallet Compromised
Once you connect, hackers gain access to your wallet, personal data, and even your device!
⚠️ How to Stay Safe:
✅ Never click on random reward links.
✅ Always verify websites before entering your details.
✅ Never connect your wallet to unknown platforms.
✅ Use cold storage wallets for added security.
🚫 If it sounds too good to be true, it’s a scam! 🚫
#CryptoScamAlert #BitcoinScam #StaySafe #CyberSecurity
💅🏻😱👉🏻🤬Singaporean arrested in US for stealing Bitcoin and living a luxurious life 🤬👈🏻💅🏻😱
Washington: Singaporean Melonie Lam (20) and her friend Jeantel Serrano allegedly defrauded an American Bitcoin investor by transferring 4,100 Bitcoins from his account to their own accounts. The money is worth $450 million today. They lived a luxurious life with this money.
Melonie Lam spent up to $5 lakh a day at nightclubs in Miami and Los Angeles before her arrest in September 2024. Specifically, she spent $72,000 on 48 bottles of champagne and $38,500 on 55 bottles of Grey Goose vodka. She bought and gifted models Hermes Birkin bags worth $20,000 (Rs. 18 lakhs). This is about Rs. 5 crore in Indian currency.
He has amassed 30 luxury cars, including Lamborghinis, Porsches and Ferraris. Of these, the Pagani Huayra is worth $38 million (Rs. 33 crore). US intelligence officials, who were monitoring Lam and Serrano’s luxurious lifestyle, arrested them last year and put them in prison. Lam was accused of stealing $230 million worth of bitcoin in a Washington court. The trial in the case is scheduled to take place on October 6. Officials said he could face up to 20 years in prison if convicted.
#BitcoinSCAM #Fraud_alert #USGovernment #USGovernmentBitcoin
$CAKE
Melonie Lam spent up to $5 lakh a day at nightclubs in Miami and Los Angeles before her arrest in September 2024. Specifically, she spent $72,000 on 48 bottles of champagne and $38,500 on 55 bottles of Grey Goose vodka. She bought and gifted models Hermes Birkin bags worth $20,000 (Rs. 18 lakhs). This is about Rs. 5 crore in Indian currency.
He has amassed 30 luxury cars, including Lamborghinis, Porsches and Ferraris. Of these, the Pagani Huayra is worth $38 million (Rs. 33 crore). US intelligence officials, who were monitoring Lam and Serrano’s luxurious lifestyle, arrested them last year and put them in prison. Lam was accused of stealing $230 million worth of bitcoin in a Washington court. The trial in the case is scheduled to take place on October 6. Officials said he could face up to 20 years in prison if convicted.
#BitcoinSCAM #Fraud_alert #USGovernment #USGovernmentBitcoin
$CAKE
🚨 Peoria Woman Lost Thousands to Bitcoin ATM Fraud – A New Bill Could Stop It! 🚨
Hey everyone! 👋 You’ve probably heard of people making profits with crypto, but sadly, there’s a growing number of *fraud cases* linked to Bitcoin ATMs. 🧐
*What Happened in Peoria?*
A woman from *Peoria* recently *lost thousands of dollars* after falling victim to a *Bitcoin ATM scam*. 😔 Here’s how it works: fraudsters trick people into withdrawing money from Bitcoin ATMs and sending it to scammers in exchange for "fake investments." The victim believes they’re making a legitimate transaction, but the funds end up in the hands of criminals. 💸
*How It Works:*
- *Scammers lure victims* with fake promises of huge returns or investment opportunities.
- The victim is directed to a *Bitcoin ATM* and told to transfer money to an address they provide.
- Once the transfer is done, the scammers *disappear*, and the victim is left with nothing. 😔
*What’s Being Done?*
To help prevent these scams, a *new bill* is being introduced. This bill aims to regulate Bitcoin ATMs more strictly and enforce *safety measures* to protect people from falling into these traps. 🛑
- *Stronger ID checks* could be implemented at ATMs.
- *More transparency* regarding transactions, so users know who they’re dealing with.
*Why Is This Important?*
Bitcoin ATMs are becoming more popular, but they’re *not regulated enough* in some areas. While crypto offers great opportunities, it also comes with risks. 🧐 This bill is a *step forward* in making sure you don’t get caught up in scams.
---
*Protect Yourself! 💡*
- *Always verify* investment opportunities before transferring any funds.
- *Avoid sharing personal info* with anyone you don’t trust.
- *Report suspicious activity* if you spot any red flags.
$BTC
$BNB
#ProtectYourAssets #CryptoSafety #BitcoinScam #CryptoRegulation #PeoriaFraud
Stay safe out there, everyone! 🙏
Hey everyone! 👋 You’ve probably heard of people making profits with crypto, but sadly, there’s a growing number of *fraud cases* linked to Bitcoin ATMs. 🧐
*What Happened in Peoria?*
A woman from *Peoria* recently *lost thousands of dollars* after falling victim to a *Bitcoin ATM scam*. 😔 Here’s how it works: fraudsters trick people into withdrawing money from Bitcoin ATMs and sending it to scammers in exchange for "fake investments." The victim believes they’re making a legitimate transaction, but the funds end up in the hands of criminals. 💸
*How It Works:*
- *Scammers lure victims* with fake promises of huge returns or investment opportunities.
- The victim is directed to a *Bitcoin ATM* and told to transfer money to an address they provide.
- Once the transfer is done, the scammers *disappear*, and the victim is left with nothing. 😔
*What’s Being Done?*
To help prevent these scams, a *new bill* is being introduced. This bill aims to regulate Bitcoin ATMs more strictly and enforce *safety measures* to protect people from falling into these traps. 🛑
- *Stronger ID checks* could be implemented at ATMs.
- *More transparency* regarding transactions, so users know who they’re dealing with.
*Why Is This Important?*
Bitcoin ATMs are becoming more popular, but they’re *not regulated enough* in some areas. While crypto offers great opportunities, it also comes with risks. 🧐 This bill is a *step forward* in making sure you don’t get caught up in scams.
---
*Protect Yourself! 💡*
- *Always verify* investment opportunities before transferring any funds.
- *Avoid sharing personal info* with anyone you don’t trust.
- *Report suspicious activity* if you spot any red flags.
$BTC
$BNB
#ProtectYourAssets #CryptoSafety #BitcoinScam #CryptoRegulation #PeoriaFraud
Stay safe out there, everyone! 🙏
The Bitcoin Scam of the Century
How Gerald Cotten Pulled Off a $250 Million Heist
In 2013, Gerald Cotten co-founded QuadrigaCX, Canada’s largest Bitcoin exchange, presenting himself as a trustworthy entrepreneur. But behind the scenes, Cotten was orchestrating one of the biggest cryptocurrency scams in history, leaving over 100,000 investors out of $250 million when he allegedly died in 2018.
The Rise of QuadrigaCX
QuadrigaCX quickly became the go-to exchange in Canada, especially after its competitors shut down. Cotten, the public face of the company, built trust by engaging with the crypto community and promoting Quadriga as a reliable platform. However, the exchange was essentially a one-man operation, with Cotten controlling all the private keys to the cold wallets holding users' funds.
The Disappearance of Funds
In December 2018, Cotten reportedly died suddenly in India due to complications from Crohn’s disease while on his honeymoon. His death left QuadrigaCX in chaos, as he was the only person with access to the wallets holding $190 million in cryptocurrency. Investors were unable to withdraw their funds, and the exchange soon filed for creditor protection.
The Mystery Deepens
Questions quickly arose about Cotten’s death. Why was there no autopsy? Why did the death certificate have his name misspelled? Why was the funeral closed-casket? Conspiracy theories swirled, with some suggesting Cotten faked his death to escape with the money.
Investigations revealed that Cotten had been running QuadrigaCX like a Ponzi scheme. He created fake accounts to inflate trading volumes and used new deposits to pay out withdrawals. He also funneled millions into his personal accounts and those of his wife, Jennifer Robertson.
The Aftermath
Ernst & Young, the court-appointed monitor, found that Cotten had lost millions through risky trading and mismanagement. He had also sent large sums to other exchanges, including Poloniex, raising suspicions of money laundering. Despite extensive investigations, $100 million remains unaccounted for.
Lessons Learned
The QuadrigaCX scandal is a stark reminder of the risks in the unregulated world of cryptocurrency. Cotten’s story is a cautionary tale of greed, deception, and the dangers of centralized control. As investors continue to seek justice, one question remains: Where is Gerald Cotten, and where is the money?
So Trust only Big exchanges most preferable Binance
#BitcoinScam #BinanceAlphaAlert #BitcoinBounceBack #BNBChainMeme
In 2013, Gerald Cotten co-founded QuadrigaCX, Canada’s largest Bitcoin exchange, presenting himself as a trustworthy entrepreneur. But behind the scenes, Cotten was orchestrating one of the biggest cryptocurrency scams in history, leaving over 100,000 investors out of $250 million when he allegedly died in 2018.
The Rise of QuadrigaCX
QuadrigaCX quickly became the go-to exchange in Canada, especially after its competitors shut down. Cotten, the public face of the company, built trust by engaging with the crypto community and promoting Quadriga as a reliable platform. However, the exchange was essentially a one-man operation, with Cotten controlling all the private keys to the cold wallets holding users' funds.
The Disappearance of Funds
In December 2018, Cotten reportedly died suddenly in India due to complications from Crohn’s disease while on his honeymoon. His death left QuadrigaCX in chaos, as he was the only person with access to the wallets holding $190 million in cryptocurrency. Investors were unable to withdraw their funds, and the exchange soon filed for creditor protection.
The Mystery Deepens
Questions quickly arose about Cotten’s death. Why was there no autopsy? Why did the death certificate have his name misspelled? Why was the funeral closed-casket? Conspiracy theories swirled, with some suggesting Cotten faked his death to escape with the money.
Investigations revealed that Cotten had been running QuadrigaCX like a Ponzi scheme. He created fake accounts to inflate trading volumes and used new deposits to pay out withdrawals. He also funneled millions into his personal accounts and those of his wife, Jennifer Robertson.
The Aftermath
Ernst & Young, the court-appointed monitor, found that Cotten had lost millions through risky trading and mismanagement. He had also sent large sums to other exchanges, including Poloniex, raising suspicions of money laundering. Despite extensive investigations, $100 million remains unaccounted for.
Lessons Learned
The QuadrigaCX scandal is a stark reminder of the risks in the unregulated world of cryptocurrency. Cotten’s story is a cautionary tale of greed, deception, and the dangers of centralized control. As investors continue to seek justice, one question remains: Where is Gerald Cotten, and where is the money?
So Trust only Big exchanges most preferable Binance
#BitcoinScam #BinanceAlphaAlert #BitcoinBounceBack #BNBChainMeme
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