- ZachXBT, a Twitter-based hacker, has uncovered a conspiracy by scammers to take advantage of cryptocurrency traders.
- The scammer tricked traders into sending 10 ETH in change for a brand new token known as DGEN.
- Fraudsters used Photoshop operations to assert that DGEN tokens had been issued by PEPE founders.
In style community sleuth ZachXBT uncovered a Twitter scammer who solicited Ether from cryptocurrency traders on Twitter, deceptive them in regards to the token airdrop. The scammer, who goes by serdegen0x on Twitter, reportedly used faux screenshots of transactions to mislead traders.
ZachXBT took it Twitter earlier at present to share serdegen0x’s newest plan to take advantage of cryptocurrency traders. In keeping with community intelligence, a scammer took images of Ethereum transactions to persuade traders on cryptocurrency Twitter that the creators of the favored PEPE token have carried out a brand new meme token known as DGEN.
serdegen0x mentioned that the PEPE installers had a pre-sale settlement for the DGEN token. The scammer urged cryptocurrency traders to ship any quantity of ETH to his pockets tackle for use for the distribution of the brand new token. “Monkey in cost, however this may convey one other 1000x extra memecoins,” the scammer mentioned on Twitter.
On this rip-off, serdegen0x was in a position to acquire 10 ETH value over $18,000 on the time of writing. After securing the funding, the fraudster deleted the pre-sale tweet and moved the funds to a different pockets. ZachXBT revealed that serdegen0x was a serial scammer who had run related schemes up to now.
The scammer has beforehand operated below the username rasucrypto and has carried out a sequence of pre-emptive scams over the previous three weeks. In one in every of these scams, fraudsters on Twitter solicited ETH from cryptocurrency traders in change for CHAD tokens. Nonetheless, the tokens had been by no means delivered to traders. The scammer transferred his fraud proceeds (greater than 45 ETH) to Bitget.
