- Investigator ZachXBT supplies an replace on the pre-sale rip-off concentrating on Solana buyers.
- Scammers drain buyers of 655,000 SOL tokens and a complete of over $122.5 million.
- One sufferer related his pockets to a faux pre-order web site and misplaced $1.2 million.
In a latest X put up, blockchain detective ZachXBT uncovered the ways utilized by scammers concentrating on Solana buyers. One such fraudster, who takes the username of 'Sartoshi0x' account, secretly pocketed his 62% of his SOL raised in pre-sale, totaling 7,000 SOL, however didn’t promise buyers. The requested token couldn’t be absolutely distributed.
A consumer calling himself “Jared_eth” on X turned out to be an imposter impersonating Jared MEV, a widely known cryptocurrency determine. This case mirrors the same fraud incident in June 2023, the place one other faux Jared account defrauded an investor of his $440,000.
After the presale, one other scammer utilizing the username “bluekirbyftm” “vandalized” the mission. They spent all the cash they raised and even printed pointless articles defending their actions.
On March nineteenth, ZachXBT’s investigation revealed the truth underlying the latest surge in Solana-based meme cash. Attracted by the lure of excessive income, keen buyers participated within the presale solely to fall prey to an online of fraud.
ZachXBT's extremely detailed investigation uncovers at the least 27 such scams publicity This community of deception resulted within the exfiltration of over 655,000 SOL tokens value $122.5 million.
The strategies utilized by these scammers have been numerous, however they’d a standard aim: exploitation. Moreover, ways such because the “pockets drain” characteristic have been used to steal funds instantly from buyers’ wallets, leaving many individuals devastated. In a single notably alarming case, one investor misplaced a staggering $1.2 million after connecting his pockets to a faux presale web site.
Among the many recognized fraudsters, Vombatus, who goes by the username “Vombatus_eth” in did. As authorities and buyers grapple with the fallout from these scams, the ZachXBT revelations function a stark reminder of the dangers inherent within the risky world of crypto investing.
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