Crypto Theft Scams Provo Victim Out Of $70,000, Police Say

A Provo resident lost $70,000 in a cryptocurrency scam involving impersonation of customer support. Police are investigating and have traced some funds.

In a troubling incident, a Provo resident fell victim to a cryptocurrency scam, losing $70,000. The Provo Police Department is actively investigating the case, having obtained a search warrant to gather electronic evidence related to the theft.

Key Takeaways

  • A Provo resident was scammed out of $70,000 in cryptocurrency.
  • The scam involved impersonation of customer support through Discord.
  • Police have traced a portion of the stolen funds to an account at MEXC Global LTD.

The Incident

The victim's ordeal began when they sought assistance from Aerodrome Finance regarding their cryptocurrency account. Believing they were communicating with legitimate customer support, the victim reached out via Discord.

During this interaction, a user posing as a member of Aerodrome support contacted the victim. This impersonator sent a link that appeared to be a legitimate support page. Trusting the source, the victim followed the link and entered their Coinbase wallet login information.

The Scam Unfolds

Once the victim provided their login details, the scammer quickly drained the account of $70,000. This incident highlights the growing trend of cryptocurrency scams, where fraudsters exploit trust and technology to deceive unsuspecting individuals.

Police Investigation

Following the report, the Provo Police Department took immediate action. They secured a search warrant for the seizure of electronic information related to the scam. According to police records, a detective was able to trace some of the stolen funds, locating approximately $59,736 that had been transferred to an account associated with MEXC Global LTD.

Legal Actions

In response to the findings, District Court Judge Sean Petersen of Utah County signed a warrant to search MEXC Global LTD for evidence of illegally obtained property and any related illegal activities. The police are working diligently to recover the stolen funds and return them to the victim.

Conclusion

This incident serves as a stark reminder of the risks associated with cryptocurrency transactions and the importance of verifying the identity of individuals before sharing sensitive information. As the investigation continues, authorities urge the public to remain vigilant against similar scams and to report any suspicious activity immediately.

Sources

[ newsletter ]
Stay ahead of Web3 threats—subscribe to our newsletter for the latest in blockchain security insights and updates.

Thank you! Your submission has been received!

Oops! Something went wrong. Please try again.

[ More Posts ]

Unlocking the Future: The Synergy of Web3 and AI
17.6.2025
[ Featured ]

Unlocking the Future: The Synergy of Web3 and AI

Explore how web3 and AI converge to revolutionize digital interactions, enhance security, and empower users in a new era.
Read article
Unveiling Illicit Funds: The Power of Asset Tracing in Blockchain Investigations
17.6.2025
[ Featured ]

Unveiling Illicit Funds: The Power of Asset Tracing in Blockchain Investigations

Unveil illicit funds with asset tracing in blockchain investigations. Learn methodologies, AI's role, and recovery strategies.
Read article
Navigating Blockchain Security Compliance: A Guide for Businesses
17.6.2025
[ Featured ]

Navigating Blockchain Security Compliance: A Guide for Businesses

Navigate blockchain security compliance. A guide for businesses on understanding, enhancing, and strategizing for compliance.
Read article