According to a new report by Inca Digital, a group of scams as FTX loan claimants cheated two companies of over $ 5.6 million.
Criminal Allegedly Used AI-related identity and unauthorized access to insolvency records to execute the scheme.
The report identifies a potential criminal as a person or group under two surnames: Lim Chi Chong and Teh Jin Loon.
Inka Digital found that the scammer manipulated the face appearance using the AI tool and provided the ID card of fake Singapore with visual anomalies.
Pictures of criminals were closely similar to Kartis Lau Y-Kin’s images, a former professional gamer currently imprisoned for drug smuggling.
FTX loan sale
The fraud began in June 2024, when Scammer sold FTX loan claims to two companies. Although the claims were verified as valid, both firms later received rejection notices from Crol, the company was a company managing the claims of bankruptcy of FTX.
Investigators believe that the scammer access FTX customer data through 2023 data breech in public bankruptcy filing or croll.
Blockchain analysis showed that the stolen amount was funnel through Benance, Coinx and Gate.IO. Two addresses associated with the scam sent funds to the same coinex deposit address, strengthening the doubt that the surnames belonged to the same unit.
Additionally, the analysis detected funds in a Mev Bot associated with symbolic capital partners, although the INCA could not confirm the participation of a digital firm.
