My Adventures as a Crypto Bounty Hunter: Scammers that are in it for the Long Run

First of all, as always, I would like to thank everyone for the positive feedback given - writing original content about my experiences makes me happy (if there’s a particular topic you would like me to write about, leave a comment below).

I have recently come across a case, while helping a client out, about a Fake Phishing scam token that managed to siphon millions of USD in ether. Now keep in mind that it didn’t require many resources to pull this scam off and so, one would assume the scammers would try to cash out as fast as possible - but no!

The scammers split the transactions into hundreds of little transactions, which they then transferred to several other wallets and so on. This has been going for 700 days now - they have seen the price of their “investments” rise to 12 million and seen the price fall to now 3 million. They always keep the same pattern of transfers, doing transfers to secondary wallets each 30 days, and eventually transferring to a KYC wallet.

This a rare case where I can respect the hustle - they have kept it simple and organized. Unfortunately, along the way they have made a lot of mistakes (by sending funds to wallets that were already KYC, also cashing out small amount of funds to their personal wallets), leaving them wide open for some Queasy_Length justice!

From recent experiences, I have also seen a trend of leaving the funds in a decentralized wallet and waiting to cash out - and so this is my top 3 most patient scammers:

$720,000 in Ether – 352 Days

$1,700,000 in Ether – 215 Days

$625,000 in BNB – 195 Days

Please let me know if you like these posts. As always Stay Safe and Freak the Scammers!