Scammer Gets Scammed: Ledger Implant Thieves Steal $4.8M in Bitcoin

The FTC estimated task scams made up nearly 40% of US job fraud reports in 2024 and called crypto their payment of choice. Chainalysis has revealed that one of the biggest victims of the Ledger implant thefts was a task scam operator who lost more than 60 Bitcoin (BTC). The blockchain analytics firm put that loss at about $4.8 million. It seems the operator moved the scam’s proceeds into three Ledger addresses on September 22, and then emptied all three into the same wallet on October 9. A flow chart Chainalysis posted traces the money back to a consolidation wallet, and it labels three of the wallets feeding it as reported scams. Likewise, the largest scam wallet sent it $1.36 million across 106 transfers. Each Ledger address was then drained of about $1.64 million in a single transfer. Fake Reviews Led to Deposits The report said the scam paid people to fake sales and reviews of real products, who then saw a negative balance appear in their accounts. They were told to add their own money before they could be paid. One of the biggest victims of the Ledger theft was a scammer themselves. They lost more than 60BTC, about $4.8M. The funds were from a task scam. In this task scam, peo...