Crypto investors need to be particularly cautious of advice coming from popular figures in the industry. There are numerous individuals who, through hidden advertisements and partnerships, market worthless projects to their followers. Both today and in the past, such promotions have led to massive losses.
Phenomenal Crypto Fraudster
In order to avoid becoming victims of covert advertising that is proliferating both in our country and around the world, it might be best for investors to refrain from taking advice and act based on their own research. The crypto detective, ZachXBT, shared an extensive evaluation about a YouTuber known as Blue or Jack. ZachXBT, known as the mysterious detective of crypto and famous for exposing such abuses, is talking about a scam worth 1.5 million dollars.
According to Zach’s claim on Twitter, Blue, who initially gained popularity with gaming and trolling videos, had amassed a considerable follower base on YouTube with more than 122,000 subscribers before diving into the world of crypto fraud in 2021. According to Zach, a post leaked from Blue’s Snapchat linked him to the cool-breeze.eth Ethereum ENS address, which purchased Bored Ape Yacht Club 8668 NFT in October 2022. The crypto detective, who investigated the funding of this address, said that it unveiled connections to addresses directly related to the Monkey Drainer phishing scam, revealing about a third of the stolen funds, more than 85 ETH.
Beware of Phenomenal Crypto Fraudsters
Zach, who stated that Blue often boasted of successful scams and BAYC NFT purchases on Discord, said that screenshots taken from internal Discord servers showed that Blue also instructed other people on fraud methods. Following a dispute allegedly with Monkey due to a specific phishing scam that resulted in the theft of his BAYC, Zach wrote that Blue continued to commit fraud with other projects.
Zach, who stated that Blue’s primary method was spamming with verified accounts on Twitter, cited as an example that a user named @g13m fell victim to such a phishing scam in July and lost approximately $213,000 worth of ETH and USDT on a fake Doodles NFT site.
“It’s disgusting to see these phishing scammers showing no remorse and spending the funds on expensive items. Additional information about Blue (Jack) has been shared with many of his victims to help initiate legal action.”
