CEO of Casa revealed how crypto scammers make you a fool

Crypto scam:

The crypto scammer noted, "For some reason, people trust people over the phone."

 

Nick Neuman, the CEO of Casa, posted on X about how he played along with the crypto scammer during a call to uncover their scheme. Basically casa is a Bitcoin storage solutions provider. The crypto scammer aimed to steal from wealthy cryptocurrency holders. They also targeted Neuman as a wealthy cypto holder. Neuman demanded that the crypto scammer had shared all the details, how they make crypto scam, is it really true or not it’s not confirmed. But in this similar process lots of people previously had lost their money.

The call started normally, with the crypto scammer posing as a Coinbase support agent. He told Neuman about a "canceled password change request" and directed him to click on a suspicious email link. When Neuman revealed his identity and started questioning the crypto scammer, the crypto scammer dropped the act but continued to talk. He openly shared how their operation works, boasting about making $35,000 two days earlier. The crypto scammer said they target individuals with crypto holdings worth at least $50,000, avoiding those who don't have significant assets.

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The crypto scammer explained that their victims are often wealthy and well-educated professionals, such as software engineers and corporate executives. He recounted an incident where they tricked a Chinese software engineer and stole $40,000 from him. The crypto scammer emphasized that they don’t rely on luck but on consistency, making calls daily and getting successful hits several times a week, each bringing in at least five figures.

The crypto scamming works by claiming a password change request was canceled and convincing the target to click a malicious link in a fake notification. If the victim falls for it, the phishing pages capture their sensitive data, including private keys, which the crypto scammers then use to create new wallets and steal funds. The crypto scammer mentioned using tools like auto-doxxing, spoofed emails, and leaked data to identify and target potential victims precisely.

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Neuman's conversation with the crypto scammer also revealed their motivation and boldness. The crypto scammer boasted about being close to a $100,000 target within 30 days, with less than five days left to reach it. This interaction highlights the importance of crypto holders being extremely cautious. Phishing scams like these exploit trust and fear, deceiving even experienced professionals. As the number of these crypto scams increases, it is crucial for everyone in the cryptocurrency space to remain cautious and aware of such threats.