They Impersonated a Cryptocurrency Investor and Stole Hundreds of Thousands of Dollars

Fraudsters impersonating one of the founders of cryptocurrency investment firm Paradigm stole more than 100 thousand dollars.

On X, scammers impersonating Paradigm co-founder Matt Huang share a link that directs people to the wrong site.

Scammers using the name @matthuag instead of @matthuang on the platform, especially Target the blast community taking.

Since Monday, users who want to stake on the Ethereum Layer 2 platform Blast, which is expected to be activated in March, have been using it since Monday. More than $225 million money transferred.

Fraudsters commenting under the posts made by Blast share a fake link saying, “Paradigm offers 250 free points to anyone who has been registered for more than 10 hours.”

According to blockchain data, this fraud is Financial loss of $130,000 led.

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