Crypto.news - Cryptocurrency detective ZachXBT detailed alleged cryptocurrency fraud activities conducted by a popular YouTube personality, known as Blue or Jack, potentially amounting to over $1.5 million in stolen funds.
Cryptocurrency investigator ZachXBT has published evidence alleging a YouTube influencer named Blue, also referred to as Jack, was involved in numerous crypto heists amounting to a staggering $1.5 million.
Initially known for his gaming and prank videos, Blue amassed a following of over 122,000 subscribers on YouTube, before allegedly becoming embroiled in cryptocurrency scams in 2021, as detailed by Zach on Twitter.
According to Zach, a compromising post leaked from Blue’s Snapchat associated him with the Ethereum ENS address cool-breeze.eth. This address was used to procure Bored Ape Yacht Club 8668 NFT in October 2022. On delving into the funding sources of this address, Zach stated he found inflows of more than 85 ETH, about a third of the pilfered funds, directly tied to addresses related to Monkey Drainer phishing scams.
Monkey Drainer, an infamous crypto pilfering service, is known for a theft record of approximately $24 million. The developer of Monkey announced their retirement in February of this year with an advisory for aspiring cyber criminals to not lose themselves in the chase for easy money. Their clientele was advised to turn to a competing service known as Venom.
Through Discord, Blue regularly bragged about his profitable scams and the BAYC NFT acquisition, Zach reported, offering screenshots from internal Discord servers as proof that Blue was tutoring others in his fraudulent tactics.
Following a supposed disagreement with Monkey over a specific phishing scam that led to the loss of his BAYC, Blue persisted in his deceptive practices under new ENS addresses using other draining services, according to Zach. The ill-gotten wealth reportedly funded extravagant purchases ranging from watches to cars and even Roblox assets.
Zach noted that Blue’s primary scamming technique involved spamming Twitter with verified accounts. He offered an instance where user @g13m fell prey to such a phishing scam in July, losing nearly $213,000 worth of ETH and USDT to a counterfeit Doodles NFT site. Blue is alleged to have netted 49 ETH and $74,000 in USDT after paying the draining fee.
Zach also mentioned another theft case involving @ystrickler, whose Milady and Squiggle NFTs were allegedly phished, equating to around 12 ETH. After accounting for the drainer fee, Blue reportedly gained 10.3 ETH to the ENS address purplelobster.eth.
“Witnessing these phishing scammers flaunt their ill-gotten wealth on frivolous purchases without a shred of remorse is truly sickening,” Zach commented. “I’ve shared further details about Blue (Jack) with numerous victims to potentially aid in legal proceedings.”
This article was originally published on Crypto.news
