Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users
The post Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users appeared on BitcoinEthereumNews.com.
Nick Neuman, the CEO of Bitcoin storage solutions provider Casa, recently shared an encounter with a phishing scammer impersonating Coinbase support to steal from high-value cryptocurrency holders. In a November 20 post on X, Neuman described how he played along during a call to uncover the depth of the scheme. Preying on Wealthy Crypto Holders The recorded conversation started as a seemingly ordinary phone call with the con artist posing as a Coinbase support agent. He informed Neuman of a “canceled password change request” and directed him to click on a suspicious email link. However, when the Casa co-founder revealed his identity and started questioning the scammer, he dropped the act. But instead of ending the call, the grifter openly shared the inner workings of their criminal operation. “We hit like $35,000 two days ago,” the impersonator gloated, describing how their scheme exclusively targets individuals with crypto holdings worth at least $50,000. “We don’t call poor people,” he bragged. According to him, their victims are often well-heeled and highly educated professionals, including software engineers and corporate executives in the crypto space. “We actually got a dude who was a Chinese software engineer,” said the swindler. “You’d think a software engineer wouldn’t fall for this,” he added, claiming they stole $40,000 from that individual. Further, he explained that they don’t rely on luck but consistency, putting in calls daily and getting hits four or five times a week, each netting five figures at a minimum. How the Scheme Works The fraudster detailed how the scams generally work, describing the range of sophisticated and fear-driven methods they use to deceive potential victims. For instance, they might claim a password change request was canceled, like they did with Neuman. They would then convince their target to click a malicious link embedded in a…
Filed under: News - @ November 23, 2024 5:19 pm