Case StudiesDeFi Protocol (TVL $120M)

DeFi Protocol Clone Ring Takedown

A coordinated network of 27 clone channels impersonating a major DeFi protocol, draining approximately $340,000 from users over 6 weeks before neutralization.

Clone NetworkDeFiMulti-Channel

Threat Landscape

A sophisticated threat actor had deployed 27 Telegram clone channels across 5 distinct username variations, each mirroring the official project's branding, pinned messages, and admin roster. The clones were organized into a tiered funnel: tier-1 channels broadcasted fake airdrop announcements, tier-2 support bots collected wallet approvals, and tier-3 private groups hosted paid 'whitelist' scams. The protocol's community managers were locked out of the official channel via a SIM-swap attack on the primary admin account.

Engagement Timeline

Day 1

Intake & Triage

Received client briefing. Mapped full clone network through cross-channel mention analysis and metadata scraping.

Day 2-3

Infrastructure Mapping

Identified 5 C2 Telegram accounts used for coordination, 3 linked Fragment accounts, and a managed VPS hosting bot infrastructure.

Day 4-6

Multi-Vector Takedown

Executed coordinated mass reporting with evidence packages. Escalated to Telegram via trusted flagger channel. Deployed automated responder bots to intercept new joiners.

Day 7-10

Verification & Handover

All 27 channels confirmed neutralized. Admin access restored to original team. Post-operation monitoring initiated for 30 days.

Tactics Used

Multi-channel cross-link analysisFragment account tracingEvidence package escalationAutomated joiner interception

Results

27Channels neutralized
10Days total
$340KVictim funds protected
100%Clone network eliminated

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