Crypto Detective Spots Suspicious Activities From Known Scammers

• ZachXBT has alerted the crypto community of actions involving suspected serial scammers.

• The crypto detective identified scammers’ activities on LeaperFinance, ZebraLending, and GloriFinance.

• The scammers launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche, etc.

ZachXBT, a self-designated 2D detective in the cryptocurrency industry, has alerted the crypto community of recent actions involving a suspected set of serial scammers. In a series of posts over the past weekend, ZachXBT noted that the scammers returned to the blockchain ecosystem, defrauding unsuspecting users across various protocols.

Update: Scammer started trolling before deactivating both Leaper Finance & Glori Finance X accounts.All three websites for the projects mentioned are now offline as well. pic.twitter.com/Az1TLZDmMq

— ZachXBT (@zachxbt) April 14, 2024

The on-chain detective initially alerted users on X that the group of scammers who stole eight figures with Magnate, Kokomo, Lendora, Solfire, etc, is back with a new project on Blast as LeaperFinance. According to ZachXBT, the scammers funded an address on Blast with approximately $1 million of laundered funds from the previous rugs and have begun adding liquidity to bait people in. 

Meanwhile, the crypto detective shared traceable details of how the scammers moved funds across various wallets and chains, including ETH bridges and swap deals. He noted that in the past, the group of scammers let the total value locked (TVL) grow to seven figures before stealing all of the users’ funds deposited to the protocol and falsifying KYC documents using low-tier audit firms.

Furthermore, ZachXBT alleged that the same group of scammers is behind ZebraLending on Base. He noted that the product is live, with a $311,000 TVL, and warned users to withdraw any funds they may have deposited on the protocol.

ZachXBT also highlighted that the same group is behind the GloriFinance protocol launched in the Arbitrum network. As of posting, the on-chain detective noted that the protocol had accumulated up to $1.4 million in TVL. Notably, he confirmed that all three scam projects identified are Compound V2 forks.

Providing more evidence, ZachXBT noted that close observation reveals that all the top GLORI holders added liquidity with funds from the Crolend/HashDAO/HellHoundFi scam. He further alleged that the scammers launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche, etc.

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