A crypto investigator uncovered {that a} former skilled participant on Fortnite may very well be related to a significant meme coin rip-off and hacking of celeb accounts.
Crypto sleuth ZachXBT found that the high-profile case of the $3.5 million rip-off of the token is linked to common skilled gamer Serpent.
Connection To Serpent’s Crypto Wallets
ZachXBT examined the hacking incidents of 9 celeb accounts concerned in meme cash. The crypto investigator discovered a relationship between all these hacking incidents, saying that every one roads result in Serpent.
He concluded that the skilled Fortnite gamer may be the brains behind these incidents, including that the net gamer may very well be concerned within the heist of meme cash value $3.5 million.
1/ An investigation into how the risk actor Serpent went from a professional Fortnite participant to serving to steal $3.5M through meme coin scams launched from 9+ account compromises on X & IG and playing the proceeds away at on-line casinos. https://t.co/zR6QtuQW8a pic.twitter.com/Y8ovnEnQgj
— ZachXBT (@zachxbt) November 27, 2024
Pockets Tied To Serpent
ZachXBT’s investigation revealed an digital path that additional accused the ex-Fortnite participant of the crypto token rip-off, saying that every one pockets addresses are linked to Serpent.
The net investigator talked about that the gamer had “excessive publicity” to quite a lot of Pump.enjoyable meme coin scams that concerned hacked social media accounts.
“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,” ZachXBT mentioned.
McDonald’s Account Compromised
ZachXBT revealed amongst these accounts compromised within the meme coin scams is McDonald’s Instagram.
In keeping with the detailed report, the IG account was hacked, and the scammer used it to advertise the GRIMACE token. The hacker generated over $690,000 with the pump and dump technique.
The crypto investigator narrated that the hacker transferred the funds to 2 main crypto wallets and a number of other days later, the wrongdoer moved 101.5 SOL to 2 addresses earlier than deploying the SCHRADER token.
ZachXBT discovered that the meme coin was promoted in Actor Dean Norris X’s account which was additionally hacked at the moment.
Deleted Posts
The crypto investigator revealed that the pro-Fortnite participant used the scammed funds on on-line casinos, saying that recordings of Serpent confirmed a reference to some addresses linked to the hacked account.
ZachXBT mentioned after publishing the primary a part of the investigation, Serpent suspiciously began deleting all his posts from his new X account.
Moreover, Ginx.television mentioned Serpent was kicked out from the e-sports group “Additional time” in June 2020 as a result of the gamer was accused of dishonest.
Analysts mentioned that the meme cash scamming incident shouldn’t be an remoted case because the crypto market skilled quite a few pockets hacks and scams this yr with celeb accounts hacked and the promotion of crypto-related scams being the commonest.
Featured picture from DALL-E, chart from TradingView
