The American cryptocurrency exchange Kraken has provided a novel method of detecting nefarious wallets: creating a fake cryptocurrency account on the exchange to “rip off” bad actors.
In a tweet posted on May 10, popular streamer Kitboga – whose content revolves around teasing scammers – revealed that Kraken had built him a “custom environment” that he used to thwart a scammer posing as President Joe Biden.. Kitbot had already had a run-in with the scammer about a year ago.
It’s been so much fun!
—Nick Percoco (@c7five) May 10, 2023
Next, the scammer views the funds via remote computer screen-sharing software via video that allegedly tricked Kitboga’s character into downloading it, and gets excited about a potential big payday.
However, the auction comes when Kitboga, who plays an old woman in the video, incorrectly enters the scammer’s wallet address before sending all the funds. As a result, the con man flies into a rage and starts berating Kitboga with a bunch of swear words..
In particular, the scammer appears to have provided a Kraken-hosted BTC wallet address, essentially allowing the crypto exchange to identify you and flag your activity.
All this seems to have been possible thanks to the collaboration between Kitboga and Kraken’s head of security, Nick Percoco..
best crypto marketing i’ve seen on tiktok yet.
Kraken sponsored a huge baiter account scam. They built him a custom environment so he could fuck with scammers pic.twitter.com/86p6FLA4g6
— Neeraj K. Agrawal (@NeerajKA) May 10, 2023
The best cryptocurrency marketing I’ve seen on tiktok so far. Kraken sponsored a large scam bait account. They built him a custom environment so he could screw scammers pic.twitter.com/86p6FLA4g6
Kitboga has 1.2 million followers on Twitch and 3 million on YouTube. Their content often revolves around wasting the time of call center scammers by playing a bunch of non-tech savvy characters.
In some cases, He has also gotten dubious websites removed by reporting fraud to the hosting companies where they are stored.
“Every day there are scammers taking advantage of people. I call them to waste their time, I show them their ‘script’ and their lies, I report the information when I can and, for the rest, I lighten a dark situation”, reads his YouTube profile..
Cointelegraph has contacted Kitboga for comment on the situation.
In a video from May 1, Kitboga highlighted a new BTC-related “social security scam” that targets victims via email or text claiming that strange purchases have been made with their bank accounts..
However, when victims call the numbers provided, scammers claim their identities have been stolen and they need to withdraw all their cash, buy BTC, and send the funds to a “secure government wallet”.
Kitboga had fun with these scammers by pretending his “grandson” would buy 10,000 BTC and send it to the wrong address..
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