- Investigator ZachXBT gives updates on presale scams targeting Solana investors.
- Scammers Drain 655,000 SOL Tokens & collectively over $122.5 million from investors.
- One victim loses $1.2 million after connecting their wallet to a fake presale website.
In a recent X post, blockchain sleuth ZachXBT exposed tactics used by scammers targeting Solana investors. One such scammer who goes by the username of “Sartoshi0x’s” account secretly pocketed a 62% of the SOL raised from a presale, totaling 7,000 SOL, and failed to fully distribute the promised tokens to investors.
A user who goes by the name of ‘Jared_eth’ on X turned out to be a fake impersonating a well-known crypto figure, Jared MEV. This incident echoes a similar scam in June 2023, where another fake Jared account swindled investors out of $440,000.
Another scammer who goes by the username of ‘bluekirbyftm’ following the presale, “rugged” the project. They swept away the funds raised and even published a nonsensical article defending their actions.
On 19th March, ZachXBT’s investigation revealed a reality underlying the recent surge in Solana-based meme coins. Eager investors, drawn by …
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