Onchain investigator ZachXBT says a New York social-engineering scammer, Christian “Daytwo” Nieves, stole over $4 million from Coinbase users, flaunted the loot on social media, and squandered most of the illicit proceeds gambling.
In a Monday X thread, ZachXBT alleged how Nieves — who also goes by “PawsOnHips” — runs a small call center crew that scams crypto investors out of their holders through social engineering attacks. The callers have allegedly posed as Coinbase support staff to guide victims to phishing sites.
Following a November 2024 hit that drained $240,000 from an elderly victim, ZachXBT tracked down a private recording of the alleged theft. He also traced the stolen funds to three destinations: the Roobet crypto casino and two addresses that swapped Bitcoin for Monero.
Blockchain forensics tied Nieves’ Roobet deposit address to more than 30 suspected thefts, according to ZachXBT, who noted that many other victims likely remain unknown. The sleuth also claims that Nieves has bragged on Discord about laundering money while gambling.
Nieves, who allegedly spent a portion of the stolen funds on luxury goods like a decalled Corvette and high end Rolex watch, reportedly responded to ZachXBT’s initial investigation last month by posting a photo of him flipping the middle finger toward the sleuth’s profile.
No honor among thieves
Transaction records show Nieves’s casino deposits have shrunk significantly, suggesting heavy losses. It appears that the alleged scammer began taking cuts from his accomplices as this bankroll dried up, ZachXBT claims.
“Daytwo has a gambling problem and you’ll see onchain how casino deposits get smaller as he loses funds,” ZachXBT wrote. “It’s rare we see a social engineering scammer with such blatant disregard to mask their identity while flexing stolen funds all over social media.”
“It’s a rather easy case for law enforcement to pursue,” the blockchain researcher wrote. However, the chances of recovering assets from Nieves and his cronies are slim since it appears he gambled most of it after successful thefts.
The report lands weeks after Coinbase revealed rogue outsourced agents helped leak data on over 69,000 users. Coinbase said it fired the workers and faces a potential reimbursement bill of $180 million to $400 million.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
