• On-chain detective ZachXBT uncovered a scammers plot to take advantage of cryptocurrency buyers on Twitter.
• Scammers tricked buyers into transferring 10 ETH in alternate for a brand new token known as DGEN.
• Scammers used photoshopped transactions to say that DGEN tokens have been issued by PEPE founders.

Standard on-chain detective ZachXBT has make clear a scammer on Twitter who has been deceptive about token airdrops and soliciting Ether from crypto buyers on Twitter. The scammer, who goes by the identify serdegen0x on Twitter, reportedly used faux buying and selling screenshots to mislead buyers.

Taken by ZachXBT twitter Earlier in the present day, we shared serdegen0x’s newest conspiracy to take advantage of cryptocurrency buyers. Scammers photoshopped Ethereum transactions to persuade buyers on cryptocurrency Twitter that the builder behind the favored PEPE token had launched a brand new meme token known as DGEN, in line with an on-chain detective. It says.

serdegen0x claimed that the PEPE adopter has began a pre-sale contract for the DGEN token. The scammer inspired the cryptocurrency investor to switch any of her ETH quantities to his pockets deal with to be allotted for the distribution of latest tokens. “Please act responsibly, however this will provide you with 1000x extra Meme Cash,” the scammer mentioned on Twitter.

By means of this rip-off, serdegen0x was in a position to accumulate 10 ETH price over $18,000 on the time of writing. After securing the funding, the scammers deleted the pre-sale tweets and moved the funds to a different pockets. ZachXBT has revealed that serdegen0x is a serial scammer and has carried out related schemes prior to now.

This scammer beforehand operated beneath the username rasucrypto and had run a number of pre-sale scams over the previous three weeks. In her one in all these scams, the scammer demanded her ETH from a cryptocurrency investor on her Twitter in alternate for her CHAD tokens. Nonetheless, the tokens have been by no means delivered to buyers. The scammer deposited the proceeds from the rip-off (over 45 ETH) into her Bitget.