Crypto Executives Fall Victim to Nigerian Scam, Losing $250,000

1 min read
Source: The Verge
Crypto Executives Fall Victim to Nigerian Scam, Losing $250,000
Photo: The Verge
TL;DR Summary

Two MoonPay executives reportedly lost $250,000 worth of Ethereum in a scam involving a fake donation to Trump's inauguration, highlighting that even crypto industry insiders can fall victim to scams. The DOJ investigation suggests the scammer used a fake email impersonating a Trump Inaugural Committee member, and the funds were potentially laundered through multiple crypto addresses.

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