We recently investigated a devastating case involving the website ledger.com/ledger-live (or an impostor). The scammers tricked the victim into transferring cryptocurrency, ultimately leading to a loss of $75,000. The funds were traced to two exchanges: FixedFloat and HitBTC, where transactions involving tens of thousands of XRP tokens occurred. Key transactions included amounts such as 20,223.3 XRP and 40,264.9 XRP.

When we first reviewed this case, we could feel the weight of frustration and fear. It’s a story many of you may relate to—trusting a platform that appears legitimate, only to watch your hard-earned funds vanish. The scammers used convincing tactics, leveraging a trusted brand to exploit the victim’s confidence in cryptocurrency management tools.

Our team at CNC Intelligence worked closely with law enforcement and attorneys to trace the stolen assets. We identified the exchanges where the cashouts happened and compiled reports that could guide recovery efforts.

This case highlights the importance of using secure practices when handling crypto.

We share this story to empower you with knowledge. These scams rely on fear and urgency, but with vigilance, you can protect yourself. If you’ve encountered similar situations or need help, we’re here to guide you through tracing and recovery. Together, we can fight back against these schemes.