June 6, 2023

Cryptoanalysts have discovered two addresses of scammers issuing meme tokens

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Cryptoanalysts have discovered two addresses of scammers issuing meme tokens

Prominent cryptocurrency researcher ZachXBT has revealed that it has identified an address whose owner issued 114 different scam "meme tokens" over the past 45 days.

ZachXBT claims it's about the owner of the wallet0x739c58807B99Cb274f6FD96B10194202b8EEfB47, who issues "meme tokens" and then steals investors' funds by transferring funds from the sale to their 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 Lucrafund inDuring his own investigation, he 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 site 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 are incredibly fast. It is worth tagging their addresses on the Etherscan service so that fewer people fall for their bait,” wrote CoinGurruu.

Recently, the creator of the largest crypto-meme Dogecoin Billy Markus (Billy Markus) said that crypto-currency investors "have mental disorders" and NFT buyers "sick even more."