The US Justice Department has exposed a 25-year-old man for stealing $450,000 from users by cloning the OpenSea marketplace.
If found guilty of fraud, Soufiane Oulahyane could be sentenced to 20 years in prison.
OpenSea, one of the most popular Non-Fungible Tokens (NFT) marketplaces, has been cloned to steal hundreds of thousands from users. According to reports, a 25-year-old Moroccan man called Soufiane Oulahyane has been charged with designing this scheme to deceive potential visitors of the NFT marketplace.
Oulahyane cloned the OpenSea website and then paid for sponsored links on a search engine to get people to the login page of this fraudulent platform. Users who fell for this scheme to enter their seed phrases gave Oulahyane access to their crypto accounts.
The suspect ended up selling about 39 Non-Fungible Tokens (NFTs). Investigation disclosed that a “Bored Ape caricature and a robot dog adorned with a missile battery on its head” were part of the items sold.
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