PANews, June 19: According to ZachXBT, a user claiming their funds were “unjustly frozen” by Changelly sought help, stating that their 5.73 BTC (approximately $475,000) has been unrecoverable since March 2025. Using compliance tools, ZachXBT traced the source of the Bitcoin and found links to multiple social engineering scams and Bitcoin ATM-related thefts targeting U.S. users. The associated address cluster has stolen over $1 million since 2025, with several victims being elderly individuals. The claimant repeatedly changed their story and stated they filed a report in India in December 2025. ZachXBT further connected the individual to a suspected superior, “Mr. Parveen,” and multiple account holders, concluding that the user is likely a money mule involved in fund theft.
ZachXBT Exposes Indian Scam Group, Over $1 Million Stolen
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Summary
A crypto scam alert has been issued after ZachXBT traced stolen BTC to a scam group associated with over $1 million in losses. A user reported that 5.73 BTC (approximately $475,000) was wrongfully frozen by Changelly since March 2025. The funds were linked to scams targeting U.S. users, including social engineering and Bitcoin ATM thefts. The complainant, who filed a report in India in December 2025, was connected to a suspected money mule and an individual named Mr. Parveen. The BTC update underscores ongoing risks in the crypto space.
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