Cryptocurrency Swindler Wastes Stolen Cryptocurrency on Online Casinos, Purchases Luxury Timepieces
Christian Nieves, known online as "daytwo," is under investigation for a massive cryptocurrency scam that saw him allegedly steal approximately $4 million from Coinbase users. The investigation, led by crypto sleuth zachxbt, was reported in July 2025 on web3isgoinggreat.com[1][2][3].
Nieves, it appears, impersonated Coinbase customer support to deceive unsuspecting victims. He convinced them to open Coinbase accounts, but directed them to phishing sites instead. By stealing private keys, Nieves and his team gained access to the victims' digital assets, leaving them with no recourse.
The stolen funds were primarily used for crypto gambling and luxury spending. Nieves recorded some of his wagering activity on Roobet under the username "pawsonhips." He is also reported to have spent some of the ill-gotten gains on a Corvette and expensive watches, posting pictures of these items on social media.
However, the search results do not provide any explicit information or link between Nieves and Monero, a privacy-focused cryptocurrency. The scam and subsequent activities appear to be tracked mainly via on-chain data on other cryptocurrencies, but no direct mention or evidence of Monero usage is reported[1][2][3][4].
ZachXBT suggests that there may be many additional victims whose connections cannot be directly established. One such victim was a senior citizen who lost $240,000 to Justin, a Nieves employee, in November 2024. ZachXBT notes that Nieves started taking cuts from his accomplices.
Roobet, the crypto gambling site where Nieves deposited some of the stolen funds, isn't licensed or regulated in the US and is prohibited from operating in large industrialized gaming markets such as Australia and Canada.
Monero, unlike Bitcoin, obfuscates sender and recipient addresses and the amount sent on its blockchain. Some exchanges have delisted Monero due to its ties to criminal activity, potentially forcing bad actors to return to Bitcoin.
This case serves as a stark reminder of the importance of digital security and the dangers of falling prey to scams. It also underscores the challenges in tracking and prosecuting such crimes, especially when they involve privacy-focused cryptocurrencies.
[1] web3isgoinggreat.com/article/daytwo-coinbase-scam [2] web3isgoinggreat.com/article/daytwo-roobet-connections [3] web3isgoinggreat.com/article/daytwo-luxury-spending [4] web3isgoinggreat.com/article/daytwo-monero-connections (No direct mention or evidence of Monero usage is reported in this article)
- The investigation into Christian Nieves, also known as "daytwo," revealed that he used the stolen funds primarily for illegal gambling at crypto gambling sites, such as Roobet, and luxury spending.
- Despite the massive cryptocurrency scam, no explicit information or link between Nieves and Monero, a privacy-focused cryptocurrency, has been reported.
- ZachXBT, the crypto sleuth leading the investigation, suggests that there may be many additional victims whose connections cannot be directly established, like the senior citizen who lost $240,000 to a Nieves employee in November 2024.
- Roobet, the crypto gambling site where Nieves deposited some of the stolen funds, is not licensed or regulated in the US and is prohibited from operating in large industrialized gaming markets such as Australia and Canada.
- The case of Christian Nieves highlights the challenges in tracking and prosecuting financial crimes, especially when they involve privacy-focused cryptocurrencies like Monero, which obfuscates sender and recipient addresses and the amount sent on its blockchain.
