ZachXBT

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BALD

A Twitter user has shared his suspicion that a past associate could be the mysterious figure behind the recent BALD meme coin rug pull. 
On Aug. 3, a Twitter user by the name of Mike McDonald claimed that an address through which he received payment after winning a $50,000 bet in 2021 might be linked to the BALD meme coin deployer who is suspected of pulling 1,034 Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) in liquidity a couple of days after the coin’s value <a href="https://crypto.news/bald-meme-coin-surges-40000-in-48-hours-and-then-plunges/" rel="noopener noreferrer nofollow">skyroc</a><a href="https://crypto.news/bald-meme-coin-surges-40000-in-48-hours-and-then-plunges/" target="_blank" rel="noopener noreferrer nofollow">k</a><a href="https://crypto.news/bald-meme-coin-surges-40000-in-48-hours-and-then-plunges/" rel="noopener noreferrer nofollow">eted</a> by an incredible 40,000%. 
According to McDonald, he placed a bet with a Twitter account named Milkyway (@milkyway16eth) on the outcome of the 2021 chess world championship, winning $50,000 in the process. 
Milkyway settled the bet using an address that crypto sleuth ZachXBT has linked to the recent BALD <a href="https://crypto.news/alameda-research-tied-to-bald-coin-crash-wintermute-researcher/" data-type="post" data-id="14182376" rel="noopener noreferrer nofollow">rug pull</a>. 
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 BALD deployer is potentially revealed here. Two days ago I noticed they had sent Mike $50K back in 2021 and reached out to him to ask who it might be. 0x0b6e7d5668c4a0a8e13d618b1ffc4406d079141e022381aad379040518dec285 Glad to see he shared this info. <a href="https://t.co/A7EchAdKed" target="_blank" rel="noopener noreferrer nofollow">https://t.co/A7EchAdKed</a> <a href="https://t.co/J31DJ9wEhS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/J31DJ9wEhS</a>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1687127828234469376?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
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McDonald further stated that he felt it was most likely that @milkyway16eth was using stolen funds. Therefore he felt obligated to share the information he had to help in the BALD investigations. 
 You might also like: <a href="https://crypto.news/minnesota-man-loses-9m-in-linkedin-crypto-romance-scam/" rel="noopener noreferrer nofollow"> Minnesota man loses $9m in LinkedIn crypto romance scam </a> 
The real identity of the person behind the @milkyway16eth account is still unknown, and at the time of writing, the account had gone private, limiting access to it. 
However, ZachXBT shared several screenshots of posts from the account where Milkyway was running a poll asking whether Coinbase should list BALD if the meme coin’s deployer were not associated with the exchange.&nbsp; 
There have been strong speculations among the crypto community about the real identity of the person behind BALD, a meme coin named in reference to Coinbase CEO Brian Armstrong’s baldness. 
Some people have suggested that former FTX CEO Sam Bankman-Fried, better known as SBF, was behind the meme coin. 
Wintermute’s chief of research, Igor Igamberdiev, had previously <a href="https://crypto.news/alameda-research-tied-to-bald-coin-crash-wintermute-researcher/" rel="noopener noreferrer nofollow">linked</a> BALD’s smart contract address to Alameda Research, one of SBF’s old companies. 
However, others, like crypto journalist Tiffany Fong, have sought to debunk the SBF theory. 
Fong claimed the disgraced Alameda founder, who is awaiting trial for alleged commodities fraud, has not had <a href="https://crypto.news/sbf-claims-jail-request-for-him-violates-freedom-of-speech/" rel="noopener noreferrer nofollow">access</a> to a phone, computer, or the internet since April 2023 as part of his bail condition. 
 Read more: <a href="https://crypto.news/crypto-twitter-believes-sbf-secretly-backs-bald/" rel="noopener noreferrer nofollow"> Crypto Twitter believes SBF secretly backs BALD </a>

Twitter user unveils possible mastermind behind BALD rug pull

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