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BTC $63,579.33 +1.12%
ETH $1,724.86 +1.71%
BNB $585.77 +1.96%
XRP $1.13 +1.25%
SOL $71.47 +4.19%
TRX $0.3249 +0.77%
DOGE $0.0837 +1.36%
ADA $0.1624 +1.15%
BCH $198.05 +0.91%
LINK $7.92 +0.91%
HYPE $70.64 +3.91%
AAVE $74.51 +2.26%
SUI $0.7150 +0.47%
XLM $0.2145 -1.97%
ZEC $472.86 +4.49%

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ZachXBT: Indian scam gang suspected of social engineering to steal coins and self-reported to the police to trace and freeze funds

"On-chain detective" ZachXBT published a case analysis stating that in a cryptocurrency asset case involving an Indian scam gang, the relevant individuals reported the case to law enforcement after their assets were frozen, drawing attention. The incident began when a user sought help, claiming that approximately 5.73 BTC (about $475,000) was frozen on Changelly in March 2025.Subsequent on-chain analysis revealed that these funds could be traced back to multiple social engineering attacks and theft cases related to Bitcoin ATMs targeting U.S. users, with a total amount involved exceeding $1 million and several elderly victims. The investigation showed that the individual provided multiple changing explanations for the source of the funds, including "loan," "boss transfer," and "investment from 2014-2015," and there were significant contradictions in the evidence chain.More concerning is that this user had previously filed a police report in India in December 2025, attempting to recover the frozen funds (case number 3207-P/2025). Subsequent on-chain evidence collection and email data analysis indicated that they might be a "mule" for transferring funds, with some bank documents inconsistent with their identity information. ZachXBT noted that such cases demonstrate that social engineering attacks and cross-border fund transfers continue to occur and remind users to avoid interacting with funds from suspicious sources to prevent triggering compliance freezes or legal risks.

Gate and single-ecosystem robust development, CFD trading and contract following users and trading scale are continuously increasing

According to official data from Gate, the platform's copy trading ecosystem continued to show strong growth last week. The overall trading volume of CFD copy trading increased by 24.4% month-on-month, with copy trading volume increasing by 39%; the daily average number of new copy trading users grew by 25.8%, and the daily average number of new copy traders increased by 36%. Meanwhile, Gate's contract copy trading business maintained rapid development, with the daily average number of new contract copy trading users increasing by 50% month-on-month, and user participation and trading activity continued to rise.As the industry's first platform to launch contract copy trading and CFD contract copy trading services, Gate has built a copy trading ecosystem covering diverse markets such as crypto assets, metals, foreign exchange, indices, commodities, and popular U.S. stocks, and adopts a HWM (High Water Mark) profit-sharing mechanism, allowing copy traders to enjoy a profit-sharing ratio of up to 20%, creating a fairer and more transparent growth environment for copy trading users and professional traders.In addition, the Gate copy trading platform provides multi-dimensional leaderboards for star traders, steady traders, and potential newcomers, supports one-click quick copy trading and flexible parameter configuration, and helps new users grow rapidly through trader live broadcasts and community activities, continuously practicing the concept of "allowing every user to trade like a professional trader."
2026-06-16
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