Crime Incorporated: CryptoGrab's UK Business Registration

This report details CryptoGrab, a criminal group marketing phishing services (including the Nova Drainer, seed-phrase phishing, and fake exchanges), which registered as a UK company to lend legitimacy. Analysts trace roughly $3M in fees from on-chain transactions tied to their modal phishing contracts, document laundering flows through specific Ethereum addresses, and describe the group’s use of Telegram, fake websites/apps, and social media to recruit affiliates and victims; the report recommends vigilance, non-disclosure of seed phrases, and use of defensive tools.