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Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Oct 11, 2024 07:14 UTC
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Crypto Heist Exposed: The Shocking Truth Behind the $4.3 Million Theft
Faris Ali, alias Zay or Tommy, was identified as the perpetrator of a $4.3 million crypto heist in June 2024.
The victim, who posted on X about the incident, was targeted due to a data breach and forced to send crypto to two addresses at gunpoint.
ZachXBT, an on-chain investigator, uncovered the perpetrator's identity through chat logs, social media posts, and on-chain evidence.
In June 2024, a major $4.3 million crypto heist shook the UK. On-chain investigator ZachXBT has since brought the case to light, naming Faris Ali, also known by the aliases “Zay” or “Tommy,” as the main suspect.
Ali is accused of carrying out an armed robbery, exploiting a crypto data breach to steal the funds. Several accomplices, posing as delivery drivers, were part of the plan to gain access to the victim’s home.
Join in as we dive into the details of this crypto heist, uncovering the shocking truth behind the mastermind’s identity and the tactics behind this crime.
The Victim’s Story – What Really Happened?
The victim shared the details of the incident on social media platform X on June 18, 2024. He revealed that at gunpoint, he was forced to transfer $4.3 million worth of cryptocurrency to two wallet addresses. At the time of the post, most of the stolen crypto remained untouched, drawing attention from the crypto community. ZachXBT quickly took notice and began his investigation to uncover the full story.
Through his investigation, ZachXBT discovered key details that showed the robbery was carefully planned. Just hours before the crime, Ali exchanged messages with an associate, discussing their strategy. They shared photos of the victim’s building and planned to disguise themselves as delivery drivers.
One chilling message stated, “We are going now,” right before the robbery took place. The detailed planning made it clear this was a premeditated crime.
Ali Exposes His Identity
Despite denying involvement, Ali made a crucial error that linked him directly to the crime. In a strange twist, he posted a photo of his bail document on Telegram, accidentally revealing his identity. To further connect him to the robbery, the ENS domain “farisali.eth” was created after the heist, and an on-chain message tied Ali to the stolen funds.
This case highlights the risks involved in sharing too much personal information, especially about cryptocurrency holdings. ZachXBT shared practical advice to help avoid future attacks:
- Keep your crypto investments private. Avoid discussing them publicly or on social media.
- Monitor how your personal data is exposed online. Stay informed about potential risks.
- Give false answers to unnecessary personal questions. This can help protect your privacy.
A Rising Threat in Western Europe
Faris Ali’s identification offers a chance for justice in this case, but it also points to a troubling trend. Crypto-related home invasions have been on the rise in Western Europe, with multiple victims in recent months. While the risks are growing, efforts from investigators like ZachXBT give hope that more criminals will be caught and held accountable.
The lines between the online and offline worlds have blurred. Are we prepared for the consequences?
Yes 
No 
