Scammer Loses $4,800,000 in Bitcoin as Thieves Drain Ledger Wallets Holding ‘Task Scam’ Proceeds

Thieves are draining nearly $5 million in Bitcoin (BTC) from a crypto scammer who profited from deceiving victims through a task scam. Chainalysis says one of the biggest victims in the Ledger thefts was the scammer themselves. "One of the biggest victims of the Ledger theft was a scammer themselves. They lost more than 60BTC, about $4.8M. The funds were from a task scam." The firm details how the scam operated by paying people to fake sales and reviews of real items before creating a negative balance that tricked victims into adding their own money.

Source: The Daily Hodl