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ZachXBT Issues Community Warning: Potential Fraud in web3 Token Presale
Summary: In a recent tweet, blockchain detective ZachXBT issued a community warning regarding the ongoing token presale of the crypto project web3 (@web3), linking it to members of the 2022 Squiggles NFT scam team and the notorious Raichu (Ryan), suggesting potential fraudulent activity. On February 11, 2022, the NFT project Squiggles allegedly used a series of ...
In a recent tweet, blockchain detective ZachXBT issued a community warning regarding the ongoing token presale of the crypto project web3 (@web3), linking it to members of the 2022 Squiggles NFT scam team and the notorious Raichu (Ryan), suggesting potential fraudulent activity.
On February 11, 2022, the NFT project Squiggles allegedly used a series of shadow wallets to purchase NFTs from the project, creating numerous fake transactions, leading to its delisting from OpenSea.
Raichu (Ryan) has been involved in multiple cryptocurrency and NFT project frauds, collaborating with Lil Xan to promote Baller Ape Club (BAC), which was later accused of a $26 million scam and its founder was sued by the U.S. Department of Justice (DOJ). He also collaborated with Rich The Kid to promote Ancient Cats Club, which rug pulled shortly after launch, stealing $1.7 million.
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Link: ZachXBT Issues Community Warning: Potential Fraud in web3 Token Presale [Copy]
