In 1.5 Months, Scammer Generates 114 Deceitful Meme Coins
A scammer has created over 114 meme coin scams in the past 1.5 months, according to on-chain investigator ZachXBT. The perpetrator has been using a Coinbase wallet address to deposit funds, which has made it harder to detect as smaller amounts appear to be sent at a time. In most cases, the stolen funds were sent to the same deposit address. ZachXBT has not revealed how much the person has siphoned from investors so far, but warned Twitter users to be cautious and assume that any meme coin is a potential scam. He also recently highlighted a meme coin scam related to the Nakamigos NFT project, which involved a Twitter user targeting holders of the legitimate NFT with a fake token.
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