A recent deep dive by the crypto investigator, ZachXBT, has uncovered a damning allegation about a popular YouTuber, known as Blue, or Jack. It seems the world of non-fungible tokens (NFTs) is grappling with a new foe – one who has enlisted the help of illicit tech, Monkey Drainer, to allegedly steal $1.5 million.
The YouTuber, previously known for his gaming and frolic content, had accumulated a sizable following of over 122,000 subscribers. However, a shift towards crypto scams was noted in 2021, leading ZachXBT to unmask the potential link between the YouTuber and Monkey Drainer phishing scams.
Basing his argument on revealed inflows to a certain ENS address exposed within a leaked Snapchat post by Blue, ZachXBT identified a dubious connection between the address, cool-breeze.eth, and eight other addresses heavily involved with Monkey Drainer scams. To further ruffle the online community’s peace, Monkey Drainer is allegedly responsible for swindling $24 million in a spate of NFT phishing scams.
Now, you might be thinking, what sits on the other side of this coin? Unfortunately, not much of a silver lining. Blue reportedly flaunted his scam gains openly on Discord channels, spending frivolously on luxury goods and gambling escapades. Showing no signs of stopping, the YouTuber continued to carry out phishing scams, even after incriminating himself by losing his Bored Apes Yacht Club (BAYC) following a conflict with Monkey Drainer.
But here’s the twist. Blue seemed to primarily target Twitter users, with verified accounts falling prey to his dubious methodologies. Distressing reports captured the instances, with one such user losing an estimated $213,000 worth of ETH and USDT to a fake Doodles NFT site.
ZachXBT didn’t stop at just exposing the YouTuber, but also shared detailed information with multiple victims, boosting their legal pursuits. As the story unfolds, it serves as a poignant reminder of the thin line between technology’s immense opportunities and the potential risks they harbor for the defenseless.
Blockchain technology has been hailed as a catalyst for financial freedom, but instances like these paint a sobering picture. A newfound future seems intriguing, yet the threat of misuse looms like a shadow. To fashion the desired digital landscape, constant vigilance and regulation are as vital as advancement itself.
Source: Cryptonews
