If you’ve ever encountered a scammer using Bybit to cash out stolen cryptocurrency, you’re not alone. In this case, the scammer exploited a victim, persuading them to transfer funds that ultimately disappeared into a Bybit wallet. The scam resulted in a loss of $23,346.50. Sadly, no direct details like the scammer’s phone number, email, or cryptocurrency address were shared by the victim. However, the investigation revealed at least one Bitcoin transaction tied to the fraud.

We stepped in to help trace the stolen cryptocurrency. Our investigation began with data analysis and transaction reviews. From there, we drafted a detailed report highlighting the scammer’s activities, including their use of Bybit to launder funds. This case started when the victim clicked on a Google ad offering cryptocurrency tracing services, which led them to us.

This incident shows how scammers exploit trust, promising gains or assistance but ultimately stealing funds. Be cautious if you’ve ever been asked to send cryptocurrency to someone you don’t know. Once the funds leave your wallet, recovery can be challenging.

We urge you to stay vigilant and double-check any platforms or offers that seem too good to be true. If you need assistance or have experienced something similar, we’re here to help trace the funds and expose the scam. Together, we can make it harder for these fraudsters to thrive.

Let us know if you have any questions or want to discuss your case further.