A person who was running a scam from a call center pretended to be President Joe Biden and tried to steal an amount of Bitcoin that they believed was worth $450,000 from a streamer. However, the situation did not go as planned and instead led to disorder and confusion.
Kraken, a cryptocurrency exchange in the United States, has come up with an innovative way to identify suspicious cryptocurrency wallets. They have created a fake cryptocurrency account on their exchange to attract and trap fraudulent individuals.
On May 10, popular streamer Kitboga, who creates content about irritating scammers, posted a tweet stating that Kraken had provided him with a specially designed platform to interact with scammers. He used this environment to irritate a scammer who pretended to be President Joe Biden, whom he had previously encountered about a year ago.
Joint Operation to Catch Crypto Scammers
In the video clip that accompanies the tweet, Kitboga is shown having an amount of Bitcoin worth approximately $450,000 (which is equivalent to $27,506 according to the current ticker price) in the fake cryptocurrency account provided by Kraken.
The scammer is able to see the funds through a screen-sharing software that he had convinced Kitboga’s character to download, and he becomes extremely excited at the prospect of a large sum of money entering his crypto wallet.
In the video, Kitboga is playing the role of an elderly woman and mistakenly sends all the funds to the wrong wallet address belonging to the scammer. The scammer becomes extremely angry and starts using foul language to berate Kitboga.
It is worth noting that the scammer had given a Bitcoin wallet address hosted by Kraken, which allowed the exchange to detect their activity and flag it as suspicious.
The collaboration between Kraken and Kitboga was made possible thanks to the efforts of the exchange’s chief security officer, Nick Percoco.
Kitboga has a significant following on social media platforms, with 1.2 million followers on Twitch and 3 million followers on YouTube. He creates comedic content that involves wasting the time of call center scammers by portraying non-tech-savvy characters.
In some instances, he has even been successful in getting the fraudulent websites used by the scammers taken down by reporting them to the hosting companies.
According to his YouTube profile, Kitboga’s main goal is to expose and mock scammers who take advantage of people every day. He aims to waste their time, expose their lies and methods, and report their activities when possible, all while bringing humor to a serious and dark situation.
On May 1, Kitboga shared a video in which he discussed a new scam related to Bitcoin and social security. The scam targets victims through emails or text messages claiming that unusual purchases have been made with their bank accounts.
The scammers involved in the social security scam ask victims to call a provided number and then claim that their identity has been stolen. They instruct the victim to withdraw all their money, purchase Bitcoin, and send it to a supposedly “secure government wallet.”
In response, Kitboga had some fun with these scammers by pretending to be a grandson who bought 10,000 BTC and then accidentally sent it to the wrong address.