$1.4M OTC Scam Sparks Controversy on Crypto Twitter

[cryptobro]

A trader, 0x_Leo_, claims to have been scammed for $1.4 million USDC in an over-the-counter (OTC) deal, posting for help on X (Twitter) and tagging blockchain investigator ZachXBT.

On-chain data shows 1.4M USDC transferred on Ethereum, with negligible fees.

OTC trades, which bypass exchanges, rely entirely on trust, leaving victims with limited recourse.

The post quickly circulated, prompting followers to suggest contacting KuCoin directly.

[kelson10]

Crypto Twitter never sleeps — a $1.4M OTC scam like this will have everyone debating for days.

[alex10]

Scams like these remind everyone why transparency and verified transactions are so important in crypto.