ZachXBT

On-chain sleuth ZachXBT alleges that a former professional Fortnight player from Australia has been involved in a series of meme coin scams that have stolen around $3.5 million collectively from investors.
ZachXBT said in a Nov. 27 X <a href="https://x.com/zachxbt/status/1861775015382790308" rel="noopener noreferrer nofollow">thread</a> that wallet addresses of the former Fortnight pro, who goes by the online alias “Serpent,” has “high exposure” to several meme coin scams launched through Pump.fun and that were promoted using compromised social media accounts.
<img decoding="async" src="https://images.unsplash.com/photo-1683721003111-070bcc053d8b?fm=jpg&amp;q=60&amp;w=3000&amp;ixlib=rb-4.0.3&amp;ixid=M3wxMjA3fDB8MHxzZWFyY2h8Mnx8c29jaWFsJTIwbWVkaWElMjBpY29uc3xlbnwwfHwwfHx8MA%3D%3D" alt="30k+ Social Media Icons Pictures | Download Free Images on Unsplash">
<h2 id="span-style-font-weight-400-zachxbt-says-serpent-was-involved-in-high-profile-social-media-hacks-span">ZachXBT Says “Serpent” Was Involved In High-Profile Social Media Hacks</h2>
ZachXBT said in the thread the former Fortnight player was involved in some of the biggest social media hacks this year, which all promoted fake tokens. These include the Aug. 21 McDonald’s Instagram account hack, which promoted a Solana meme coin called <a href="https://insidebitcoins.com/news/is-it-too-late-to-buy-grimace-grimace-price-soars-662-after-mcdonalds-instagram-hack-and-this-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow">GRIMACE</a>.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ Over the past few months I have been tracking a series of related compromises for McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, etc on X &amp; IG which has resulted in an estimated $3.5M+ stolen via launching Pump Fun meme coins. <a href="https://t.co/ViZeHzQy5b" rel="noopener noreferrer nofollow">pic.twitter.com/ViZeHzQy5b</a>
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1861450263925559399?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
He was also involved in the compromise of Usher’s X account on Sep. 12, which was used to advertise the scam coin USHER. In addition to Usher’s X account, ZachXBT also linked “Serpent” to the Nov. 3 hack of Wiz Khalifa’s X account to promote the scam tokens WIZ and WIZZLE.
Other incidents that “Serpent” has been linked to include the hack of the X accounts belonging to Dean Norris, Ken Carson, Enoshima Aquarium, Truth Terminal creator Andy Ayrey, <a href="https://insidebitcoins.com/news/6-best-altcoins-to-watch-today-october-26-helium-gnosis-spx6900-wemix" rel="noopener noreferrer nofollow">SPX 6900</a>, as well as the compromised instagram account belonging to Kabosu Owner. All of these accounts were used to promote sham meme coins.
<h2 id="span-style-font-weight-400-serpent-was-kicked-out-of-a-gaming-organization-for-allegedly-cheating-span">“Serpent” Was Kicked Out Of A Gaming Organization For Allegedly Cheating</h2>
The pro-Fortnight player’s professional gaming journey came to an end in June 2020 after he was caught allegedly cheating. The eSports organization Overtime then released him. He has since been scamming people with fake crypto projects, according to ZachXBT.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 3/ In March 2024 Serpent launched another project called ERROR which rug pulled and got him banned from X.
 Deployer address 0x8233873ee35547097ccb9098adbab955d7120ee8 <a href="https://t.co/7pe7HRufn0" rel="noopener noreferrer nofollow">https://t.co/7pe7HRufn0</a> <a href="https://t.co/m82MFe3uT3" rel="noopener noreferrer nofollow">pic.twitter.com/m82MFe3uT3</a>
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1861775034089410666?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In March 2022, “Serpent” co-founded the NFT project DAPE, which was later rug pulled. He then launched another project called ERROR in March 2024, which was rug pulled as well and got him banned from X.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/bitwise-files-with-sec-for-etf-based-on-10-crypto-index-fund-bitw" rel="noopener noreferrer nofollow">Bitwise Files With SEC For ETF Based On 10 Crypto Index Fund</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/trump-team-mulls-cftc-oversight-of-major-segment-of-crypto-market-reducing-sec-role" rel="noopener noreferrer nofollow">Trump Team Mulls CFTC Oversight Of Major Segment Of Crypto Market</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/trending-meme-coins-to-invest-in-november-27-optimus-ai-chihuahua-banano" rel="noopener noreferrer nofollow">Trending Meme Coins To Invest In, November 27 </a></li>
</ul>

On-Chain Sleuth ZachXBT Alleges Former Fortnight Pro Helped Steal $3.5 Million Through Meme Coin Scams

Table of Contents

Inside Bitcoins

Other articles published on Nov 28, 2024

Tokenmill Launches on AVAX: Revolutionizing Token Creation!

New Solana Memecoin Santa Trump (SANTRUMP) to Skyrocket 15,000% Before Exchange Listings

Bybit’s Super6 Celebration: Supercharge bbSOL with $1.2M in Rewards

Top DEX Tokens CAKE and SUSHI Gains Momentum Following Major Breakouts: What's Ahead?

Billionaire Tim Draper Predicts Bitcoin Might Skyrocket to $3 Million

DeltaDex.io: Revolutionizing Crypto Trading with AI-Powered Profits

Join our free newsletter for daily crypto updates!