- A phishing victim seeks help from MetaSleuth over stolen ETH.
- MataSleuth tracks stolen ETH to addresses on Binance, Coinbase and MEXC Global.
- BlockSec calls on the CEXs to help victims of ongoing phishing.
The on-chain auditing platform BlockSec has called on Binance, Coinbase, and MEXC Global to investigate a phishing report from one of its users. According to the report, BlockSec traced ETH tokens stolen by a phishing address to wallets listed on the named exchanges.
BlockSec analyzed the reported wallet transactions using its MetaSleuth analytics tool. It did so in response to a plea by one of its users who claimed to have been “mistakenly phished” by the reported address.
MetaSleuth’s analysis revealed multiple transfers from the accused address to Binance, Coinbase, and MEXC Global. Transactions to three wallet addresses on Binance worth approximately 0.049 ETH, 0.124 ETH, and 0.009 ETH, respectively, were identified.
A wallet on MEXC Global received about 0.248 ETH, while the address sent 0.064 ETH and 0.049 ETH to two separate wallets on Coinbase. The analysis also showed that the reported culprit sent 2.99 USDC to an unknown wallet.
The wallet contained over 10 ETH worth $16,719, based on the ETH price of $1.668. At the time of writing, an overview of the quoted address on Etherscan showed multiple transactions sending ETH into the wallet. Etherscan has already flagged the same as a fake phishing address based on BlockSec’s report.
There was an ongoing inflow of ETH tokens to the reported address even at the time of filing this report.
Until press time, neither Binance, Coinbase, nor MEXC Global responded publicly to BlockSec’s request. However, from past experiences, the exchanges may investigate the report and take action against the phishing address after establishing suspicious activities.
All blockchain transactions are transparent and traceable on distributed ledgers. Despite being a pseudo-anonymous technology, processes can be traced and tracked. Centralized exchanges like Binance, Coinbase, and MEXC Global can identify fraudulent transactions and trace them down to the culprits using the compulsory KYC details of the customers involved.
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