Cryto Heist Story $16.5 million

Phishing and spoofing techniques by two Russian citizens caught and indicted for stealing large sum of money(cryptocurrency).

Danil Potekhin and Dmitrii Karasavidi, allegedly defrauding three cryptocurrency exchanges and their customers indicted them to face five charges related to manipulation and theft of cryptocurrencies.

Way back in 2017 perpetuators hatched the plan To abolish their crimes, this duo used “spoofing” and phishing” tactics.

Danil Potekhin and Dmitrii Karasavidi created fake web domains and fake identities to steal  investors login and personal information, that fraud was reported in 2019 .

As per the evidence Danil Potekhin create 13 fake web domains to conduct his alleged crimes in some unnamed US-based crypto exchange, Potekhin managed to get 150 customers user identification and passwords and steal their actual accounts in that fake web domains.

Dmitrii Karasavidi and Danil Potekhin used the stolen credentials from the victims withdraw their cryptocurrency and access their accounts without authorization,
They also used stolen personal details to create more accounts and used these to withdraw larger sums of cryptocurrencies.

July 2017 Danil Potekhin and Dmitrii Karasavidi used a sophisticated market manipulation scheme, The authorities document detailed the manipulation process as follows - Dmitrii Karasavidi and Danil Potekhin used fictious accounts to purchase GAS(token) that allows users to transact on the Ethereum network by manipulation.

on October 2017 Potekhin and Karasavidi use the stolen credentials from 3 unnamed victims to purchase GAS at the same time, $5 million cumulative value at that time.
Potekhin and Karasavidi with their team converted GAS tokens to Bitcoin and other cryptocurrencies.

March 2018 theft attacks targeting customers gain over $11 million from two other crypto exchanges, with overall $16.5 million stolen funds.

Bad luck for them, US authorities track some of the illegal funds to Karasavidi’s crypto accounts, Some of the stolen money was regained by USSS ammuonting $6 million cash and some millions of cryptocurrencies with the connection of the crime.

It's a Cryto Heist in our history. GG kids.