Bitcoin

<ul><li>The impersonation scam on X uses Peter Lauten&#39;s old username to trick users into theft.</li><li>Malware named Vortax was installed, leading to $245K crypto theft through fake app downloads.</li><li>Post-scam, a16z corrected website links to prevent further misuse of outdated usernames.</li></ul>In a recent incident, a scam involving an impersonated account on X (formerly Twitter) has resulted in a significant financial loss for a cryptocurrency enthusiast. ZachXBT, a well-known figure in the crypto community, recently <a href="https://x.com/zachxbt/status/1800906946209313205" rel="noopener noreferrer nofollow">shared</a> the details of this elaborate scheme, which led to a user losing $245,000.The scam began with an account falsely representing Peter Lauten from the venture capital firm a16z. The impersonator took advantage of a subtle yet crucial oversight; the real Peter Lauten had changed his X username from ‘peter_lauten’ to ‘lauten.’Meanwhile, the scammer picked up his old username, which was no longer in use. Adding to the confusion, the official a16z website still directed to his old username, and several a16z posts continued to tag this outdated handle.<a href="https://cryptotale.org/crypto-scam-alert-false-peter-lauten-account-leads-to-245k-theft/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Scam Alert: False Peter Lauten Account Leads to $245K Theft

CryptoTale

Other articles published on Jun 14, 2024

Bitcoin and Equities Dip as Markets Anticipate Lone Federal Rate Cut in 2022

Bitcoin Price Surge Predicted Only After Purging Of More Futures Bets

MoonBag, the Top Crypto Presale, Draws BitBot and Ripple Investors As $MBAG Aims $0.25

Coinbase Claims FED Could Surprisingly Cut Interest Rates Aggressively: “It Would Benefit Cryptoc...

MicroStrategy Ups Convertible Note Offering To $700M To Fuel Bitcoin Acquisitions

Bitcoin Dips Below $67K Again, Investors Buy

Join our free newsletter for daily crypto updates!