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On-chain sleuth ZachXBT alleges {that a} former skilled Fortnight participant from Australia has been concerned in a sequence of meme coin scams which have stolen round $3.5 million collectively from buyers.
ZachXBT mentioned in a Nov. 27 X thread that pockets addresses of the previous Fortnight professional, who goes by the net alias “Serpent,” has “excessive publicity” to a number of meme coin scams launched via Pump.enjoyable and that have been promoted utilizing compromised social media accounts.
ZachXBT Says “Serpent” Was Concerned In Excessive-Profile Social Media Hacks
ZachXBT mentioned within the thread the previous Fortnight participant was concerned in among the largest social media hacks this yr, which all promoted pretend tokens. These embody the Aug. 21 McDonald’s Instagram account hack, which promoted a Solana meme coin known as GRIMACE.
1/ Over the previous few months I’ve been monitoring a sequence of associated compromises for McDonald’s, Usher, Kabosu Proprietor, Andy Ayrey, Wiz Khalifa, SPX 6900, and so forth on X & IG which has resulted in an estimated $3.5M+ stolen through launching Pump Enjoyable meme cash. pic.twitter.com/ViZeHzQy5b
— ZachXBT (@zachxbt) November 26, 2024
He was additionally concerned within the compromise of Usher’s X account on Sep. 12, which was used to promote the rip-off coin USHER. Along with Usher’s X account, ZachXBT additionally linked “Serpent” to the Nov. 3 hack of Wiz Khalifa’s X account to advertise the rip-off tokens WIZ and WIZZLE.
Different incidents that “Serpent” has been linked to incorporate the hack of the X accounts belonging to Dean Norris, Ken Carson, Enoshima Aquarium, Fact Terminal creator Andy Ayrey, SPX 6900, in addition to the compromised instagram account belonging to Kabosu Proprietor. All of those accounts have been used to advertise sham meme cash.
“Serpent” Was Kicked Out Of A Gaming Group For Allegedly Dishonest
The professional-Fortnight participant’s skilled gaming journey got here to an finish in June 2020 after he was caught allegedly dishonest. The eSports group Time beyond regulation then launched him. He has since been scamming folks with pretend crypto initiatives, in line with ZachXBT.
3/ In March 2024 Serpent launched one other undertaking known as ERROR which rug pulled and received him banned from X.
Deployer tackle
0x8233873ee35547097ccb9098adbab955d7120ee8 https://t.co/7pe7HRufn0 pic.twitter.com/m82MFe3uT3— ZachXBT (@zachxbt) November 27, 2024
In March 2022, “Serpent” co-founded the NFT undertaking DAPE, which was later rug pulled. He then launched one other undertaking known as ERROR in March 2024, which was rug pulled as properly and received him banned from X.
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