Cryptoanalysts have discovered two addresses of scammers issuing meme tokens

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Well-known cryptocurrency researcher ZachXBT reported that it has identified an address whose owner has issued 114 different fraudulent “memetic tokens” over the past 45 days.

ZachXBT claims it's about the ownerwallet 0x739c58807B99Cb274f6FD96B10194202b8EEfB47, which issues “meme tokens” and then steals investors’ funds, transferring funds from the sale to their own addresses. It is difficult to estimate the exact amount of funds received as a result of fraud, since the unknown person uses several addresses.

Twitter user under the pseudonym LucrafundDuring my own investigation, I discovered that some of the funds were transferred to the Coinbase exchange. It seems that the exchange was unable to determine that the assets were obtained through fraud - the attacker transferred a small number of tokens to the exchange at a time so as not to attract attention.

Later, a CoinGurruu analyst discovered anotheran address with similar behavior - the owner of the wallet 0xCc16D5E53C1890B2802d5441d23639CAc6cd646F issues two to five “meme tokens” per day, and then steals investors’ funds.

“These developers work incredibly fast. It’s worth marking their addresses on the Etherscan service so that fewer people fall for their bait,” wrote CoinGurruu.

Recently the creator of the largest cryptocurrency memeDogecoin Billy Markus said that cryptocurrency investors are “mentally ill” and NFT buyers are “even more sick.”