• Tue. Oct 17th, 2023

Discord Scammer Swindles $200K+

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ByEsme Greene

Aug 22, 2023
Discord Scammer Swindles $200K+
Esme Greene
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Blockchain analyst ZachXBT claims a Canadian scammer nicknamed Soup facilitated the theft of millions in assets through fake Discord servers.

ZachXBT detailed Soup’s exploits, including posing as an engineer to lure victims to the fraudulent server. Working with other scammers, Soup used phishing tactics to target individuals associated with crypto projects like Orbiter Finance and Pika Protocol.

Pika Protocol’s Discord was compromised in May, resulting in a scheme to steal digital assets, according to an analyst.

The analyst reported that scammers posted a malicious link in Pika Protocol’s ad channel, leading to the theft of $220,000.

In Orbiter Finance’s case, Soup and other criminals used a “malicious link” to steal over $760,000 in assets, which Soup then used to buy exclusive Roblox items.

How Scammers are Weaponizing Discord

Numerous fraud cases through Discord servers have been reported since the beginning of the year. In June, attackers hacked Orbiter Finance’s official Discord server.

In March, a phishing link was posted in Arbitrum’s Discord. The scammer promised users an additional stake in the Arbitrum DAO, leading them to click on a link misspelling “Arbitrum.”

The crypto industry lost $479.4 million in the first half of 2023, about five times less compared to the same period last year.

98% of cases involving decentralized finance protocols (DeFi) experienced attacks in the first half of 2023, accounting for $414 million of all stolen money. Most attacks targeted projects on the Ethereum network, resulting in losses of $287 million.

Among the largest hacks were DeFi protocol Euler ($197 million) and decentralized wallet Atomic Wallet ($65 million). April saw the most significant theft, with fraudsters stealing $203.3 million.

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Esme Greene

Esme brings a wealth of knowledge and experience to our website, specializing in all aspects of DarkWeb security. With a deep understanding of the intricate workings of the DarkWeb and its associated cybersecurity risks, Esme curates insightful and informative content for our readers.