Blockchain

Blockchain Fraud Allegedly Launder $1M to Base Network

Published

11 months ago

April 15, 2024

blockchain-fraud-allegedly-launder-$1m-to-base-network

A group of scammers has allegedly moved over $1 million in laundered funds to the Base network to fuel a new nefarious scheme.

According to blockchain investigator ZachXBT, the group has a well-documented history of launching fraudulent projects that lure in unsuspecting investors, only to abruptly disappear with their hard-earned funds.

The group’s latest ploy involves transferring assets from an Ethereum address linked to previous scams, eventually making their way to the Polygon network. They then converted the funds into wrapped Ether (wETH) and navigated through various blockchain bridges, including Orbiter and Bungee, to the Blast network, a Layer-2 solution introduced by Blur founder Tieshun Roquerre.

Source: cryptotimes.io

The post Blockchain Fraud Allegedly Launder $1M to Base Network appeared first on HIPTHER Alerts.

Blockchain

India Trade Finance Market Trends, Competitive Landscape, Forecasts & Opportunities, 2020-2024 & 2025-2030: Increased Focus on Supply Chain Finance, Expansion of Green and Sustainable Trade Finance

Published

3 hours ago

February 24, 2025

GlobeNewswire

Indian Trade Finance Market

Blockchain

Blaqclouds, Inc. Appoints Shannon Hill as President

Published

5 hours ago

February 24, 2025

GlobeNewswire

blaqclouds,-inc.-appoints-shannon-hill-as-president

Blockchain

Braze Alloys Market Poised for Growth Amid Increasing Demand for Sustainable Solutions | Future Market Insights, Inc.

Published

7 hours ago

February 24, 2025

GlobeNewswire

braze-alloys-market-poised-for-growth-amid-increasing-demand-for-sustainable-solutions-|-future-market-insights,-inc.

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