Crypto Detective Uncovers Repeat Offenders Haunting Crypto Landscape

Crypto detective ZachXBT has issued an alert to the cryptocurrency community regarding suspected serial scammers active on LeaperFinance, ZebraLending, and GloriFinance. These scammers, known for launching scams on multiple protocols such as Base, Solana, and Ethereum, are believed to have stolen significant funds in the past. ZachXBT has identified patterns in their operations, including the use of laundered funds and falsified KYC documents. The detective urges users to withdraw any funds deposited on the identified protocols and provides traceable details of the scammers' movements across various wallets and chains.

Crypto Detective Uncovers Serial Scammers Resurfacing in Cryptocurrency Ecosystem

Background:

ZachXBT, a renowned crypto detective, has issued a warning to the cryptocurrency community regarding the reappearance of suspected serial scammers. These individuals have been linked to a string of fraudulent activities involving multiple protocols across various blockchains.

Initial Alert:

ZachXBT initially identified the scammers' presence on LeaperFinance, a project launched on the Blast blockchain. He discovered that the scammers had transferred approximately $1 million in laundered funds from previous scams to fund an address on Blast. The funds were subsequently used to provide liquidity to the LeaperFinance protocol, alluring unsuspecting users to deposit their assets.

Tracing Scammers' Activities:

Through meticulous on-chain analysis, ZachXBT mapped the scammers' movement of funds across multiple wallets and blockchains, including Ethereum bridges and swap exchanges. He observed a pattern of inflating the total value locked (TVL) of their protocols before absconding with user funds.

Additional Allegations:

ZachXBT further alleged that the same group of scammers is responsible for ZebraLending on the Base blockchain and GloriFinance on the Arbitrum network. He warned users to withdraw any funds deposited on these protocols, as they shared similar characteristics to previous scam projects.

Evidence of Scams:

ZachXBT provided comprehensive evidence to support his allegations. He noted that the top holders of GLORI tokens, the native token of GloriFinance, had contributed liquidity from funds linked to the Crolend/HashDAO/HellHoundFi scam.

Previous Scams:

The suspected serial scammers have been linked to a series of high-profile scams in the past, including Magnate, Kokomo, Lendora, and Solfire. In these incidents, they deployed similar tactics to defraud users and steal their funds.

Modus Operandi:

ZachXBT outlined the scammers' typical modus operandi, which involved:

• Launching projects that are forks of legitimate protocols
• Funding these projects with laundered funds from previous scams
• Generating artificial liquidity to attract users
• Inflating the TVL to create a false sense of legitimacy
• Stealing user funds and forging KYC documents using low-tier audit firms

Impact:

The activities of these serial scammers have had a detrimental impact on the cryptocurrency ecosystem, eroding trust and causing investors to lose significant funds. ZachXBT's timely warnings have helped to alert the community and prevent further victimization.

Warning to Crypto Investors:

ZachXBT's findings serve as a stark reminder for crypto investors to exercise vigilance and conduct thorough due diligence before depositing funds into any project. Investors should be wary of projects that exhibit warning signs, such as rapid TVL growth, unknown developers, and lack of transparency.