Bankoff service finally conducted an exit-scam, $1 500 000 was withdrawn through the FTX exchange
Upon requests of TokenScope platform users, our Team studied the details of the scam of popular service Bankoff (https://www.bankoff.co).
On the 29th of March, 2022, the Mashina co-founder Grigory Dudash wrote on his Facebook that he was unable to get money to his virtual card at Bankoff, many other users confirmed the information about the suspension of payments from the service.
Bankoff is a service that allows you to get a virtual card, replenish it via bots in popular messengers. Replenishment through Russian banks is not available, but a client is able to deposit funds to the account in Tether cryptocurrency.
Passing the registration procedure analysts of the TokenScope team were able to get the cryptocurrency wallet address for replenishment: TLfWQWHmbvwTi7d7MsaXpWSoNqpHufBPim. Further studying of the address’ details revealed the following data: • the address was created on the 24th of November, 2021; • the total number of transactions is 11 492; • current balance equals to $6 678.
Analysis of withdrawals from the address TLfWQWHmbvwTi7d7MsaXpWSoNqpHufBPim shows the direction of funds transfer: On the 30th of March, 2022 withdrawal of 113 202 USDT (equals to $113 000) was made to the address TJz1ubHZY1jMCrsoyxEPPawd9go5h9T4r7. Further the funds were transferred to the hot wallet on the FTX exchange TXwym1VaATMV1EEPKPmVcZ1oDK8GiB5psy.
On the 28th of March, 2022 withdrawal of 312 898 USDT (equals to $310 000) was made to the address TLgrwuvDQyq7Esy55gbjzzCfjeTwEMHmF. Further the funds were transferred to the hot wallet on the FTX exchange TYDzsYUEpvnYmQk4zGP9sWWcTEd2MiAtW6.
On the 25th of March, 2022 withdrawal of 100 000 USDT (equals to $100 000) was made to the address TEFy9ubBN17NANAwBeLNiDf3wkF26PZ3aWVq. Further funds were transferred to the hot wallet on the FTX exchange TYDzsYUEpvnYmQk4zGP9sWWcTEd2MiAtW6.
On the 24th of March, 2022 withdrawal of 99 000 USDT (equals to $99 000) was made to the address TSdp5b4aFMTfe3S3WkjRTLfTpuPsw5WCDq. Further the funds were transferred to the hot wallet at the FTX exchange TYDzsYUEpvnYmQk4zGP9sWWcTEd2MiAtW6.
Thus, for the last 6 days, the service has withdrawn from its account more than $600 000 through the FTX exchange. The study of transactions of the previous period shows that there were no such withdrawals in comparable amounts, while the withdrawals were also carried out through the FTX exchange. Total volume of the withdrawals is more than $1 500 000, so the suspicions of exit-scamming service have real grounds.
This article is followed by "Bankoff continues to withdraw funds".
