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How YouTuber Kitboga Played Crypto Scammers at Their Own Game

2 mins
Updated by Geraint Price
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In Brief

  • Scammers utilize the complexities of crypto ecosystem to lure innocent users.
  • According to a survey, one in three Americans are victim to crypto thefts.
  • But YouTuber Kitboga outsmarted scammers at their own game.
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As one in three Americans become victims of crypto thefts, YouTuber Kitboga has turned the tables by collaborating with Kraken Exchange to trick scammers at their own game.

Due to the sophisticated nature of technology, scammers are using it to deceive less tech-savvy, individuals, resulting in a widespread occurrence of crypto scams.

However, Kitboga, a YouTuber renowned for thwarting scammers, has managed to outsmart them at their own game.

Kitboga Sent $455,000 Worth of Crypto to the Wrong Address

Kitboga worked with crypto exchange Kraken’s team to set up a dummy account with over $455,000. And then he showed the dummy account to the scammer via screen-sharing software.

The scammer, claiming to be U.S. President Joe Biden, sent Kitboga a Kraken wallet address and asked him to send the funds to that particular wallet. But, the YouTuber intentionally mistyped the address and sent funds to the wrong wallet.

Later the scammer got frustrated, thinking that he lost the opportunity to get the amount, and hurled abuse at Kitboga.

With over $3 million subscribers, the YouTuber creates content around tricking scammers. Recently on May 1, he uploaded a video where he pretended to be an old lady while scammers tried to steal $10,000 worth of Bitcoin.

Rising Crypto Scams

While Kitboga’s content is centered around humor, it is also necessary for the viewers to learn about various tricks the scammer use. BeInCrypto reported that according to a recent survey, one in three Americans are victims of crypto theft.

Additionally, on average, people lost $97,583 to crypto scammers. Investors should follow certain practices, such as not storing secret key phrases in any devices that are connected to the internet.

While using centralized exchanges, users should opt for two-factor authentication and never share their passwords with anyone.

Also, there is a need to be vigilant of various phishing attacks. Crypto investors should double-check while connecting their wallets with any random websites.

It is also necessary not to click on any links received from random direct messages on social media.

Got something to say about Kitboga, crypto scams, or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...
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