Task Scam Operator Loses $4.8 Million in Bitcoin Following Wallet Theft
An individual operating an online task scam lost more than 60 Bitcoin (BITSTAMP:BTCUSD) valued at approximately $4.8 million after the crypto was stolen from their hardware wallet addresses. The victim was previously affected in a broader theft involving hardware wallet maker Ledger.
The stolen funds were generated through a scam that hired workers to fabricate product reviews and sales. Scammers later displayed negative account balances to these workers, demanding they deposit personal funds to release their supposed earnings.
On September 22, the scam operator moved the illicit proceeds into three distinct Ledger wallet addresses. An unauthorized party emptied all three addresses on October 9 in single transactions, transferring the funds to a wallet associated with stolen assets.
Market participants continue to monitor cryptocurrency security developments and wallet tracking, while Bitcoin trades near $82,060 with minor daily movement.
Key points
- A task scam operator lost over 60 Bitcoin worth around $4.8 million in a hardware wallet theft.
- The illicit funds were obtained by coercing job scam victims to pay off fake negative balances.
- The scammer deposited the proceeds across three Ledger wallet addresses on September 22.
- An intruder consolidated and drained all three addresses into a single wallet on October 9.
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How we writeDisclaimerQuestions and answers
How much Bitcoin was stolen in the Ledger task scam incident?
More than 60 Bitcoin, valued at approximately $4.8 million, was drained from three hardware wallet addresses.
How did the Bitcoin task scam operate?
Participants were hired to generate fake reviews and sales, then told to deposit personal funds to resolve negative balances.