TruthsAi.org (truthsai)

5️⃣ Community Reactions & Next Steps The crypto community has reacted strongly to this incident, calling for transparency and updates on the case. Many are hoping for the swift recovery of the stolen funds.

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1/ 🧵 Title: Unmasking Crypto Scams by @zachxbt ZachXBT has been a relentless force in exposing and investigating scams within the crypto space. His dedication has led to significant recoveries and heightened awareness among the community. 2/ 🔍 Investigation Update: $650K Scam Exposed! Zach revealed that UK scammer @ape_31 deceived over 250 victims, amassing more than $650K through fake PNL screenshots. His efforts have illuminated the dangers lurking in our community! #CryptoScam #FraudAlert . 3/ 💰 Recovery Success: $275K Returned Thanks to his investigation, Zach helped recover $275K that was seized and returned to its rightful owner. His proactive approach truly showcases the power of community-driven restitution. #CryptoCommunity .

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4/ 🔒 Major Social Engineering Attack Uncovered A sophisticated scheme led to the theft of $243M from a single individual, involving intricate social engineering tactics. Zach's findings aided in multiple arrests and the freezing of millions! #SocialEngineering 5/ 🚨 Alert on Account Compromises Zach has been alerting the community about compromised accounts promoting scams. His vigilance keeps users informed and helps safeguard their assets. #AccountSecurity . 6/ 💪 Frozen Funds from Lazarus Group In an impressive investigation, Zach connected the Lazarus Group to various hacks, freezing a total of $3.8M. His commitment to uncovering these networks is commendable! #LazarusGroup . 7/ 🕵️‍♂️ Ongoing Efforts against Phishing Scams He's consistently traced phishing attackers who have targeted Discord groups, preventing further losses. This relentless effort proves that awareness is the first step toward safety. #Phishing .

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TruthsXBT - Infini Theft Case Update Summary 1️⃣ Background Infini Labs CEO Chou Christian-Long has accused engineer Chen Shanxuan of stealing approximately $50 million in crypto assets. The theft occurred without authorization and involved a smart contract that was originally secured with multi-signature authorization. 2️⃣ Details of the Allegations Chen allegedly retained “super admin” privileges on the smart contract while falsely claiming he had removed them. This allowed nearly $5 million USDC to be transferred to an unknown wallet. 3️⃣ Financial Disclosures According to the lawsuit, Chen allegedly has a serious gambling habit and may have accumulated debts, which is believed to be a potential motive for the theft. 4️⃣ Legal Actions Infini has filed for an injunction to prevent the defendant from moving or disposing of the stolen assets, while also demanding full disclosure of identities and transaction details.

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