He claims the US government doesn’t prosecute fraud that’s under $1.5M a year.
In the clip he wasn’t talking about com fraud specifically, but it may hint at why com fraudsters rarely face consequences.
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The first has reportedly been used to get many accounts banned even if they didn’t have a human pfp, with multiple users affected.
The second reportedly allows attackers to access accounts without a password, and several OG usernames have already been stolen and swapped.
If you have a valuable username, enable 2FA immediately and hide where your account is based in.
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in 2021, he drained $1.4M, then stole another $53.3M across 26 pools, laundering it through Tornado Cash.
He blew most of the money on Black Lotus, Alpha boosters, Pokémon cards, and Roman coins. Saying “Crypto is fake internet money anyway.”
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The stolen funds were bridged from eth to btc via THORChain.
Eth:
0xC55149BbD560435a9FbEabFdcF9711cf928acA21
Btc:
1D8f8956EEFLXN28AHfioEx4ywVbxCz8KN
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7,784 eth + 26.5 btc were transferred to the HitBTC exchange platform that allows crypto withdrawals without KYC.
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Attacker manipulated the LML/USDT price using loans and walked with $950k which was swapped to eth and deposited into TornadoCash to be laundered.
Attacker:
0x3c00b00007f11c84a6cf0bea4dff8de79be8fb51
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According to Reuters, after citing CCTV and Chinese security officials, he was identified as Li Xiong. Who’s is widely believed online to be the figure referred to as “Boss Xi” a lead in these illicit markets.
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Hackers artificially pumped token prices to trick the platform’s staking system, making their holdings look far more valuable and cashing out the difference.
Whalebit is also ran by a group previously indicted over a $340M ponzi scheme.
Attacker:
0x48880b3dD87638E5eA75905c3A150e8A3aa6CDA9
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The exact details behind the $220M exploit are still unclear.
Attacker:
7RoMqGAcU7S6ESAhPDvB9iSXvASUhuoE8u7dYRxGBew9
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Drift exploit victim. Lost 250k+. No job. Need funds to survive. Not asking for all -- just enough to live. SOL 82ttFqiabDdZEASCVR8nngS4Fe5GULcL7qCtqDMrDhLb ETH 0x25c5E48a026064685f00358C196c23dd260a8f9f Please.”
Transaction link
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What happened:
The protocol was upgraded last week without a timelock. The attacker allegedly gained admin access, disabled security protections, and drained the pool’s valuable assets.
The total stolen is now believed to exceed $280M, significantly higher than earlier estimates.
The attacker has already swapped the stolen assets into 129,066 ETH, currently held across these addresses:
0x0fe3b6908318b1f630daa5b31b49a15fc5f6b6740xd3feed5da83d8e8c449d6cb96ff1eb06ed1cf6c70xaa843ed65c1f061f111b5289169731351c5e57c1@FEDS
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Threat actor gained access and deployed a rat on an employee device, controlling the system. And then worked his way through the systems till he got admin access.
Around 13M records were exposed. The attacker also exposed the Indian employee data
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ZachXBT says Circle had a frontrow seat while $230M+ stolen USDC from the Drift exploit got bridged to eth over the period of 6 hours, and did nothing about it.
He also claims that over ten seven-figure incidents have occurred since 2022, with no action taken to address them.
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The platform mispriced a ~$0.12 token (wstUSR) at ~$1.13, giving users a free profit.
Someone abused this multiple times, bought the token on another platform, brought it to Silo and cashed out for more, leading to ~$392K drained.
Exploiter:
0x8170ca5522aee6875f9f2ed89f3322083af5da6e@FEDS
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Hackers posed as a trading firm, met the protocol team in person, spent 6 months building credibility through integrations and $1M+ in deposits, then used that trust to deliver malicious tools.
Once inside, they drained the protocol and cleaned the Telegram chats.
Full article link
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In this case, a threat actor working for North Korea was told to say “Kim Jong un is a fat ugly pig” on video. Which he refused to, blowing his cover.
Recap: North Korea inked actors stole $2B in 2025 alone, pushing lifetime crypto theft to $6.75B, often by social engineering crypto projects.
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Posting Some picture of these north Korean threat actors in the reply section of this post.
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Leaked data from their internal payment server shows 390 accounts, chat logs, and crypto transactions.
Per Zachxbt, They chat on a simple site (luckyguys.site) with an easy password "123456" and move about $1 million each month through crypto and banks.
Post link
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