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Canadians Accused of $220K Bitcoin Scam on Twitter

August 23, 2019 at 2:07 PM | By Jit Sutradhar News

Two Canadian citizens have been accused of conspiring to steal bitcoin from an Oregon resident.

Karanjit and Jagroop Singh Khatkar of Surrey, British Columbia, Canada, pretended to be customer service representatives from HitBTC, a Hong Kong-based cryptocurrency exchange, to steal the login credentials of a target’s account.

According to a statement from the Oregon District Attorney’s Office, the scammers created a Twitter account called @HitBTCAssist to answer the victim’s questions online. Using the information they stole from customers, Karanjit and Jagroop were able to withdraw approximately $ 233,220 in bitcoins from the victim’s account.

Initially, 23.2 HitBTC bitcoins were transferred to Karanjit’s account in a Kraken cryptocurrency exchange. Then, Karanjit transferred half of that amount to the Jagroops Kraken wallet.

After a bite from the Federal Bureau of Investigation, Karanjit was arrested at McCarran International Airport in Las Vegas, Nevada, on July 18. He was arrested before a trial scheduled for October 8.

“Jagroop Singh Khatkar is still free and is believed to be in Canada,” federal agents wrote.

Phishing photo via Shutterstock

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