{"id":18995,"date":"2024-11-28T12:53:28","date_gmt":"2024-11-28T10:53:28","guid":{"rendered":"https:\/\/forklog.com\/en\/youtuber-accused-of-3-5-million-meme-coin-fraud\/"},"modified":"2024-11-28T12:53:28","modified_gmt":"2024-11-28T10:53:28","slug":"youtuber-accused-of-3-5-million-meme-coin-fraud","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/youtuber-accused-of-3-5-million-meme-coin-fraud\/","title":{"rendered":"YouTuber Accused of $3.5 Million Meme Coin Fraud"},"content":{"rendered":"<p>Professional Fortnite player and YouTuber SerpentAU has been implicated in several fraudulent schemes involving the launch of fake meme coins amounting to $3.5 million, according to blockchain researcher ZachXBT.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ An investigation into how the threat actor Serpent went from a pro Fortnite player to helping steal $3.5M via meme coin scams launched from 9+ account compromises on X &#038; IG and gambling the proceeds away at online casinos. <a href=\"https:\/\/t.co\/zR6QtuQW8a\">https:\/\/t.co\/zR6QtuQW8a<\/a> <a href=\"https:\/\/t.co\/Y8ovnEnQgj\">pic.twitter.com\/Y8ovnEnQgj<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1861775015382790308?ref_src=twsrc%5Etfw\">November 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the on-chain detective, SerpentAU was involved in a series of account hacks of major brands and celebrities on social media. The compromised profiles were used to promote fraudulent crypto assets. Recent victims include McDonald&#8217;s, Wiz Khalifa, and Usher.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"375\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/12345-5-1024x375.jpg\" alt=\"12345-5\" class=\"wp-image-246258\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/12345-5-1024x375.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/12345-5-300x110.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/12345-5-768x281.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/12345-5.jpg 1168w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">List of hacked accounts and fraudulent tokens promoted through them. Data: <a href=\"https:\/\/x.com\/zachxbt\/status\/1861450263925559399\">ZachXBT<\/a>.<\/figcaption><\/figure>\n<p>The proceeds from the sale of fake tokens were funneled through cryptocurrency wallets controlled by SerpentAU.\u00a0<\/p>\n<p>ZachXBT also discovered that the Australian gamer placed million-dollar bets on gambling platforms and streamed the process to friends. During one such demonstration, SerpentAU inadvertently revealed several wallet addresses linked to the fake tokens.<\/p>\n<p>In 2020, the Australian was <a href=\"https:\/\/www.dexerto.com\/fortnite\/fortnite-pro-serpentau-apologizes-after-macros-cheating-allegations-1379200\/\">caught<\/a> using prohibited scripts in Fortnite matches. He was subsequently expelled from his esports team and later <a href=\"https:\/\/www.dexerto.com\/fortnite\/serpentau-banned-from-fortnite-after-cheating-controversy-1380515\/\">banned<\/a> from the game.<\/p>\n<p>In 2022, the gamer <a href=\"https:\/\/x.com\/zachxbt\/status\/1861775024522199165\">diversified<\/a> his career by launching the NFT project DAPE, which ZachXBT claims was a rug pull. Two years later, SerpentAU <a href=\"https:\/\/x.com\/zachxbt\/status\/1861775034089410666\">launched<\/a> the project ERROR, which met a similar fate.<\/p>\n<p>Following the publication of the initial findings of ZachXBT&#8217;s investigation, the Australian began deleting his social media posts. According to the crypto detective, SerpentAU is attempting to cover his tracks, and the list of victims may grow.<\/p>\n<p>The investigator has shared the details of the case with one of the affected parties.<\/p>\n<p>In October, ZachXBT assisted a hacking victim in tracing part of the stolen $6.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professional Fortnite player and YouTuber SerpentAU has been implicated in several fraudulent schemes involving the launch of fake meme coins amounting to $3.5 million, according to blockchain researcher ZachXBT.<\/p>\n","protected":false},"author":1,"featured_media":18994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1246,1103],"class_list":["post-18995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-scammers","tag-youtube"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18995"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18994"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}