Chainalysis said one of the biggest victims in a theft tied to crypto hardware wallet maker Ledger was also a scammer, losing more than 60 BTC worth about $4.8 million. The firm said the funds came from a task scam in which participants were paid to fake sales and reviews for real products. Victims were later shown a "negative balance" and told they had to put in their own money before they could receive payment.
According to Chainalysis, the scam’s operator moved the proceeds into three separate Ledger addresses on Sept. 22. On Oct. 9, the thief emptied all three addresses, sending the funds out in one transfer from each address to the same wallet. Chainalysis said that receiving wallet has been reported as being connected to stolen funds. The disclosure adds an unusual detail to the Ledger-related theft, showing that one of the largest losses in the case was borne by a party that had itself collected funds through fraud.
On Oct. 16, Chainalysis said one of the largest victims in a theft involving crypto hardware wallet maker Ledger was also a scammer, with losses of more than 60 BTC, or about $4.8 million.
According to Chainalysis, the money came from a task scam. In that scheme, participants were paid to fake sales volumes and reviews for real products. They were then shown a "negative balance" and told they had to contribute their own funds before they could receive payment.
Chainalysis said the operator behind the scam moved the proceeds into three separate Ledger addresses on Sept. 22. On Oct. 9, the thief drained all three addresses, sending the funds out in a single transfer from each address to the same wallet.
The receiving wallet has been reported as being linked to stolen funds, Chainalysis said.
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