The Rise of the Memecoin Menace
In the chaotic realm of cryptocurrencies, memecoins have recently found their way into the hands of some not-so-harmless pranksters. According to blockchain tracker ZachXBT, one wallet, with the gripping address 0x739c58807B99Cb274f6FD96B10194202b8EEfB47, has soared the heights of villainy with a staggering 114 memecoin scams in just 45 days. Making a mint while mocking investors’ hopes seems to be the new meme lord sport.
Meme less, lose more
The nature of these memecoins is dangerously comedic—tokenized jokes birthed from the bizarre corners of the internet that often promise utility and future use but deliver nothing but unicorns and rainbows. One can imagine the creators cackling as they line their pockets with the dreams of hopeful investors.
Wallets and Whimsy: Tracking the Loot
ZachXBT’s sleuthing suggests that even as funds vanish from investors, they’re cunningly funneled to the same ominous deposit. “It’s like a bad sequel to a horror movie,” Zach mused in a Twitter thread on April 26. Despite the hacker’s apparent genius of using multiple wallets to obscure the trail, basic blockchain tracking tools shed light on their miscreancy.
Catching the Culprits: Digital Detectives at Work
Memecoins may be a punchline, but for crypto-investors, they’re a serious issue. Twitter user Lucrafund noticed that the mastermind sent the ill-gotten gains to a Coinbase address—potentially offering a personal identifier that could trim the perpetrators’ anonymity. Zach pondered how these transactions go unnoticed, suggesting that, like a magician’s sleight of hand, scam labels get lost among the smaller transaction amounts.
Scammers’ Stamina: A Hidden Hustle
CoinGurruu unveiled another phantom address—0xCc16D5E53C1890B2802d5441d23639CAc6cd646F—affiliating itself with 2 to 5 memecoin rugs daily for nearly two years. The hustle is mind-boggling. You almost have to hand it to them: the devotion to deception is admirable, albeit in an eyebrow-raising, cringeworthy kind of way.
Tattooed Truths and Other Tales
In a bizarre twist, ZachXBT discovered yet another suspect who allegedly tattooed their scam’s wallet address on their own body. Executors of digital treachery should probably invest in some decent ink—the sleuthing community is sharp! The individual involved, social media personality Gabriel Marques, allegedly scammed about $110,000 worth of Ether, proving that scammers are much like bad reality TV—their absurdity knows no bounds!
