Solana

ZachXBT

Million

<ul class="news-points">
 <li>Investigator ZachXBT gives updates on presale scams targeting Solana investors.</li>
 <li>Scammers Drain 655,000 SOL Tokens &amp; collectively over $122.5 million from investors.</li>
 <li>One victim loses $1.2 million after connecting their wallet to a fake presale website.</li>
</ul>
In a recent X post, blockchain sleuth ZachXBT exposed tactics used by scammers targeting Solana investors. One such scammer who goes by the username of “Sartoshi0x’s” account secretly pocketed a 62% of the SOL raised from a presale, totaling 7,000 SOL, and failed to fully distribute the promised tokens to investors.&nbsp;
A user who goes by the name of ‘Jared_eth’ on X turned out to be a fake impersonating a well-known crypto figure, Jared MEV. This incident echoes a similar scam in June 2023, where another fake Jared account swindled investors out of $440,000.&nbsp;
Another scammer who goes by the username of ‘bluekirbyftm’ following the presale, “rugged” the project. They swept away the funds raised and even published a nonsensical article defending their actions.
On 19th March, ZachXBT’s investigation <a href="https://coinedition.com/investigation-shows-655000-solana-valued-122-5m-sent-to-scam-presales/" rel="noopener noreferrer nofollow">revealed</a> a reality underlying the recent surge in Solana-based meme coins. Eager investors, drawn by …
The post <a href="https://coinedition.com/investigator-exposes-more-scams-in-122-5-million-fraudulent-presale-scheme/" rel="noopener noreferrer nofollow">Investigator Exposes more Scams in $122.5 Million Fraudulent Presale Scheme</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Investigator Exposes more Scams in $122.5 Million Fraudulent Presale Scheme

Coin Edition

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