According to ZachXBT, an on-chain detective, the organization has transferred almost $1 million in laundered monies to Base to feed its latest scheme.
Blockchain investigator ZachXBT claims that the gang has a track record of starting phony ventures that entice gullible investors before abruptly vanishing with their hard-earned money.
In their most recent scheme, the organization is sending funds from an Ethereum address connected to earlier frauds to the Polygon network. After that, they changed the money into wrapped ether (wETH) and used a number of blockchain bridges, including as Bungee and Orbiter, to get to the Blast network, a Layer-2 solution that Blur founder Tieshun Roquerre had introduced.
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