bitcoin user lost $1.14 million to cyber criminals

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Lens1000

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On Saturday, a bitcoin user lost $1.14 million to cyber criminals posing as MicroStrategy CEO Michael Saylor. The customer deposited 26.4 bitcoins (BTC) to an address identified as a bitcoin scam by crypto tracking service Whale Alert.

Online criminals posing as MicroStrategy CEO Michael Saylor stole more than 26 bitcoins worth $1.14 million from a bitcoin user.

On Saturday, a bitcoin user lost $1.14 million to cyber criminals posing as MicroStrategy CEO Michael Saylor. The customer deposited 26.4 bitcoins (BTC) to an address identified as a bitcoin scam by crypto tracking service Whale Alert.

This payment was most likely made through a Coinbase account.


The YouTube channel has subsequently been deactivated, and visiting the website now results in an error message.

According to a payment record, the 26.4 BTC was sent to the primary fraud address in five transactions. At current market prices, the loot is worth $1.14 million.

The scam impersonates celebrities like Michael Saylor in order to dupe others into transferring bitcoin to them. They offer to quadruple the cryptocurrency sent by investors – the give away – but instead take the money.

Saylor is the latest victim of a fake give away. Someone sent almost 3 BTC ($179,000p) to a different give away imitating the MicroStrategy in November
 
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