Kraken, a United States crypto exchange, has developed a new way to identify fraudulent wallets by creating a fake crypto account on the exchange to "scam bait" bad actors. Popular streamer Kitboga, who creates content around annoying scammers, revealed that Kraken had built him a "custom environment" to frustrate a scammer impersonating President Joe Biden. In the video clip, Kitboga can be seen with around $450,000 worth of Bitcoin in his Kraken-built fake crypto account. The collaboration between Kraken and Kitboga was made possible by Kraken's chief security officer Nick Percoco.