An investigation by top on-chain analyst ZachXBT has revealed how an alleged New York-based con artist stole millions of dollars from victims by pretending to be support staff from Coinbase.

In a thread on the social media platform X, the pseudonymous sleuth details how a man named Christian Nieves – who goes by “Daytwo” and “PawsOnHips” online – allegedly stole $4 million from Coinbase users by impersonating employees at the crypto exchange.

ZachXBT says that Nieves operates a small scam-call center group and also works as a caller. The group allegedly primarily coerces their victims into setting up a Coinbase wallet with an already compromised seed phrase on phishing sites.

Other people in Nieves’ circle also allegedly helped in separate thefts, including a henchman named Justin going as “Paranoia” who executed a $240,000 heist of an elderly victim’s Bitcoin (BTC) wallet.

According to ZachXBT, a portion of that $240,000 was deposited into crypto betting site Roobet, and the rest was converted into Monero (XMR).

“I traced out his casino deposit address which links onchain to 30+ suspected thefts.

I expect there’s many additional victims I am unable to directly link.

While there’s potentially overlap between multiple threat actors the vast majority of activity pertains to Daytwo… 

Daytwo has a gambling problem and you’ll see onchain how casino deposits get smaller as he loses funds.

Recently this escalated to the point where he started stealing cuts from accomplices.”

At time of writing, Nieves and his alleged accomplices have not been charged with anything by law enforcement, but given the amount of digital and on-chain evidence, ZachXBT says it should be a “rather easy” case for authorities.

However, most of the victims’ money is likely unrecoverable since it has been lost to gambling, the analyst says.

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Authorities say Carl Erik Rinsch received millions to develop a science fiction series but instead used a large portion of the funds for high-risk trading and expensive purchases.

Rinsch was arrested on March 18 and faced multiple charges, including wire fraud, money laundering, and illegal financial transactions.

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Federal prosecutors claim Netflix sent Rinsch $11 million in March 2020 to cover costs like storyboarding, paying actors, and editing footage for the series, originally called White Horse and later renamed Conquest.

However, instead of funding production, he reportedly moved about $10.5 million into a brokerage account. He made risky investments, including betting on a biopharmaceutical stock, which led to losses of over $5.5 million.

Rinsch continued reassuring Netflix that the series was progressing well, prosecutors said. His trading luck changed in February 2021 when he made several million dollars from cryptocurrency. Rather than reinvesting in the show, authorities say he spent nearly $3.8 million on furniture, high-end watches, antiques, designer clothing, and luxury cars.

Court records indicate Rinsch also used about $1.8 million to pay credit card bills and spent $1 million on legal fees. Some of that money reportedly went toward suing Netflix for additional payments, while the rest covered divorce-related costs.

Rinsch could receive a maximum prison sentence of 20 years for fraud and money laundering, with additional penalties for the financial transaction charges.

Meanwhile, the Federal Bureau of Investigation (FBI) recently offered a $10 million bounty for information leading to the capture of ex-Olympian Ryan Wedding. What is he accused of? Read the full story.

A recent analysis comparing Bitcoin price movement with global M2 money supply added another data point to the growing discussion of the bullish stage ahead of cryptocurrency. Colin, a crypto analyst known as “The M2 Guy” on social media platform X, recently shared an update suggesting that Bitcoin is on a critical upward crisis, and that the expected timeline could be. Continue to test your patience Bitcoin trader.

Bitcoin’s reception rally could reflect the explosive growth of the M2

Colin, a crypto analyst known in X as “The M2 Guy,” continues to build his case around a correlation between Bitcoin and macro liquidity trends. His outlook for Bitcoin, which is currently bullish, is based About offset correlation Between cryptocurrency price action and global M2 money supply on daily candlestick charts.

Related readings

In previous analysis, analysts focused on Bitcoin price action on daily candlestick charts There is the best correlation 70 and 107 days offset. The latest update from analysts focuses on 107 days of offset, which he calls “the most likely scenario.”

An analysis of Bitcoin’s 107-day offset using Global M2 Money Supply shows that Bitcoin is about to surge. However, this isn’t just about the spikes of the day. Choline could last for two months, based on a rapid vertical trend in global M2 supply.

In terms of timing, the 107-day offset suggests that the explosive spikes are expected to begin around April 30th. Strong mathematical correlation. As the M2 line continues to surge upward, the rally could last longer.

Focus on the macros, not just on the day

April 30th is the focus of his prediction, but Colin asked his followers not to be overly pinned to the exact date. “Don’t get caught up in weeds,” he advised. The bigger story is more important and reflected in the rising global M2 level, which should ripen the environment for Bitcoin and other crypto assets to benefit from increased liquidity.

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Regarding price targets, the current trajectory of Global M2 Money Supply refers to gatherings over $140,000. However, an interesting prediction is on the price of Bitcoin Possibility of doubled By the end of 2025.

At the time of writing, Bitcoin has spent the last 24 hours trading for $84,310 Trades in scope $83,700 to $84,300. Based on this analysis of correlation with global M2 money, bullish Bitcoin investors may need to wait at least a month before a significant move.

This delay can pose challenges for short-term traders, depending on positioning and risk tolerance. Meanwhile, it is for long-term holders. Accumulate more bitcoin At the current low price before the expected rally.

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