ZachXBT, a renowned crypto investigator, made a significant discovery regarding a crypto scam that connected a professional gamer to a $3.5M meme coin swindle.
More importantly, these scams were associated with substantial celebrity social media account breaches, scam promotions, and much more.
The crypto industry had established itself as one of the largest financial entities, with a global market capitalization of $3.31T at one point.
Nevertheless, the increasing prevalence of crypto scams, larceny, and money laundering is a cause for concern. Even Changpeng Zhao expressed dissatisfaction with memecoin and the growing number of frauds.
ZachXBT Reveals Name of the Man Responsible for the $3.5M MemeCoin Scam
In 2024, the crypto market encountered numerous wallet hacks; rug draw scams and other alarming scams. Nevertheless, the most prevalent scams were the propagation of cryptocurrency-related scams and celebrity account hacks.
ZachXBT, a renowned crypto investigator, analyzed nine celebrity account hacks and the meme currencies involved in light of the increasing number of cases. He concluded that there is a correlation between all of these breaches.
Furthermore, he asserted that Serpent, a professional Fortnite competitor, is the mastermind behind this.
Confirming that he employed multiple Pumps, ZachXBT implicated this professional gamer in the $3.5M meme coin fraud. Fun memecoin and pump-and-dump strategies to generate millions.
Surprisingly, the most significant connection was the Serpent’s ERROR project wallet, which interacted with every social media hacker’s wallet directly or indirectly.
As a blockchain security analyst and professional combatant, Serpent is well-known. He is even the founder of the Sentinel, a threat mitigation system, but new reports link him to the scam, making it a considerable controversy.
More importantly, he scammed $3.5M and gambled them away in online casinos. Serpent’s deletion of numerous X posts immediately following ZachXBT’s allegations escalated the controversy.
About the Serpent’s Crypto Scam
In a detailed X post, ZachXBT revealed his finding to the crypto community, which explained the memecoin scams of more than $3.5M after the scammer compromised various celebrity social media accounts. It includes the account hacks of McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, etc X (Twitter) and Instagram.
In a detailed X post, ZachXBT revealed his finding to the crypto community, which explained the memecoin scams of more than $3.5M after the scammer compromised various celebrity social media accounts. It includes the account hacks of McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, etc X (Twitter) and Instagram.
McDonald’s Instagram breach was one of the initial hacks of the year. The scammer employed pump and dump tactics to earn over $690k by promoting a memecoin called GRIMACE.
This happened on August 21, and the person shifted the funds to two leading crypto wallets. The crypto scammer transferred 101.5 SOL to two addresses on September 3 and deployed the SCHRADER token. The promotion of this token occurred during the breach of the Dean Norris X account.
Additionally, on September 6, the fraudster transferred McDonald’s ATO to a casino deposit address with the initial address of B2fw. This same account transferred 110 Sol to two new wallet addresses on September 12 and sniped the meme coins used during the Usher crypto hack.
The same B2fw wallet transferred 4868 SOL to casino deposit address ECb5v, connected to Andy Ayrey and the Enoshima Aquarium hack on October 15. Within the same day, 84 SOLs were transferred to ECb5v.
Even the popular AI bot Truth Terminal owner’s X account got hacked on October 29, which stayed compromised for days. In that period, six memecoins were promoted on his account.
All these involved a common 3GVUs wallet, and the same wallet transferred 169 SOL to Ecb5vs on October 30. However, this is just the middle; the list goes on for others.
With his recent investigation, ZachXBT has revealed the person behind the $3.5M meme coins scam. The scams also involved hacking celebrity accounts, promoting tokens to boost prices, and dumping them all. This way, the scammer or alleged pro-Fortnite gamer Serpent made heavy returns, but others were left with losses.