MoonPay execs allegedly duped in 250,300 USD crypto fraud

MoonPay’s CEO and CFO were scammed into transferring funds to an account controlled by someone pretending to be Steve Witkoff. This scam relied on social engineering tactics, using fake email addresses that closely resembled legitimate ones.

Blockchain traces show the stolen 40,350 USDT linked to a Nigerian wallet. The situation highlights vulnerabilities even among industry leaders with advanced security measures, prompting questions about MoonPay’s internal processes.

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