ZachXBT Accuses Austin Fine of Money Laundering for a $245 Million Crypto Scam Perpetrator

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A crypto scam alert was issued after ZachXBT accused the user "Mr Austin Fine" of assisting Malone Lam, the alleged perpetrator of a $245 million scam, in laundering funds. On-chain analysis revealed that stolen assets were traced via Monero to TBTFW, a luxury car dealership in Los Angeles. ZachXBT warned that brand partnerships involving the parties implicated may be disrupted before victims receive compensation.

ChainThink reports that on September 9, according to X platform updates, on-chain detective ZachXBT accused user "Mr Austin Fine" (@xmrfine) of assisting Malone Lam, the mastermind behind a $245 million crypto scam, in converting stolen assets into luxury goods and laundering part of the stolen cryptocurrency, with suspicions that he also acted as an informant.

ZachXBT stated that he has traced part of the funds on-chain, which were routed through Monero to the Los Angeles luxury car dealer TBTFW for vehicle purchases.

ZachXBT warned that he will undermine all current and future brand partnerships until victims are compensated.

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