Digital Asset
Intelligence
Security Incident · ETH Ecosystem

DeTrade Fund Scam: $1.20M Reported Loss

·Historical incident record

Incident Overview

According to reports, DeTrade Fund was the biggest scam on Friday, the platform allowing any user to profit by putting money into its arbitrage system and defrauding more than 1,400 ETH raised in a pre-sale. Twitter user Artura discovered that DeTrade Fund is actually run by a Lithuanian. Shortly after Artura’s tweet, the scam’s affiliate addresses distributed hundreds of ETH to presale participants, returning around 65-70% of the initial stolen funds.

Sources & References

Original incident referencehttps://cryptocoindaddy.com/detrade-fund-exit-scams-runs-away-with-1438-ether/ (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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