Fortnite Player Gambles Away $3.5M From Memecoin Rug-Pulls

A former professional gamer has been outed for orchestrating $3.5 million worth of memecoin scams before losing it all to gambling. On Nov. 27, ZachXBT, an on-chain investigator, accused Serpent, a former professional Fortnite player, of masterminding memecoin scams that defrauded victims of approximately $3.5 million. Serpent allegedly used hacked social media accounts of corporations and public figures on X and Instagram to promote memecoins that the gamer would later rug-pull — meaning Serpent would withdraw liquidity from the decentralized exchanges the tokens were trading on. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Fortnite Player Gambles Away $3.5M From Memecoin Rug-Pulls

Most Read News

Related News