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News

ZachXBT Exposes Canadian Scammer For Multi-Million Dollar Theft From Crypto Projects

July 17, 2023 - Around 2 mins mins to read

Key Points:

  • Crypto sleuth ZachXBT exposes Canadian scammer “Soup” for orchestrating multi-million dollar theft from crypto projects.
  • Scammer used fake Discord servers and phishing tactics to steal assets from projects like Orbiter Finance and Pika Protocol.
  • Investigation reveals Soup’s involvement in the scams, including profiting from stolen funds and showing little remorse for his actions.
Twitter sleuth ZachXBT exposes Canadian phishing scammer “Soup” for orchestrating multi-million dollar theft from crypto projects.
ZachXBT Exposes Canadian Scammer For Multi-Million Dollar Theft From Crypto Projects

ZachXBT, a renowned online detective with a large Twitter following, has unveiled the alleged activities of a Canadian scammer known as “Soup.” In a series of tweets, he accuses Soup of playing a key role in stealing millions of dollars in assets through fake Discord servers and phishing tactics.

According to ZachXBT, Soup impersonated an engineer from Decrypt, a popular media outlet, to lure unsuspecting victims to a fake Decrypt Discord server. Collaborating with other scammers, Soup targeted individuals associated with crypto projects like Orbiter Finance and Pika Protocol.

ZachXBT Exposes Canadian Scammer For Multi-Million Dollar Theft From Crypto Projects

In May, Pika Protocol’s Discord server fell victim to a compromise orchestrated by scammers. By posting a malicious link in the server’s announcements channel, they managed to steal over $220,000. A similar pattern emerged with Orbiter Finance, where scammers used a phishing attack to access a team member’s Discord token and subsequently siphoned off more than $760,000.

ZachXBT Exposes Canadian Scammer For Multi-Million Dollar Theft From Crypto Projects

ZachXBT further alleges that Soup, who inadvertently revealed his wallet address (0x21bc8046245880e9d3ec5ed808048a93518e933a), profited significantly from these illicit activities. Soup reportedly confessed to having made around $1 million, while his partners profited even more. Despite the financial harm inflicted on projects and individuals, Soup appears to show little remorse.

Following previous investigations into crypto-related crimes, including allegations against YouTuber Blue, ZachXBT has established a reputation as a crypto crime fighter. After being sued by Jeffrey Huang, also known as Machi Big Brother, for making allegations about “pump and dump” schemes, ZachXBT received substantial donations for legal defense.

ZachXBT has shared additional information about Soup with the victims in the hope that legal action can be taken against the scammer. The exposed activities shed light on the ongoing challenges posed by phishing scams within the crypto community and the importance of remaining vigilant against such threats.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Crypto Theft

Discord

Orbiter Finance

Pika Protocol

Scam

Soup

ZachXBT

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.