Blockchain detective ZachXBT claims a former professional Fortnite player and blockchain security analyst from Australia was involved in a memecoin scam that resulted in approximately $3.5 million being stolen.
In a November 27 thread posted on
The former gamer, who was expelled from esports organization ‘Overtime’ in June 2020 over allegations of cheating, was also known at X as a security analyst and founder of a threat mitigation system called Sentinel, according to gaming TV network Ginx.tv.
“Over the past few months, I have been tracking a series of related compromises on Funny meme coin.”
Zach .
Investigators also said Serpent was “using the proceeds to gamble at online casinos,” and his gambling records showed deposit and withdrawal addresses with “high exposure” to some of the addresses associated with account takeovers.
Compromised social media accounts. source: ZachXBT
Investigators reported that Serpent began deleting all of his posts from his new X account after the first part of the investigation was made public on November 26.
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In 2022, ‘Serpent’ claimed to be a cybersecurity analyst and published a report on how scammers target inexperienced cryptocurrency users through fake websites, verified account hacking, phishing, and fake airdrops to the now-suspended X account. We have published a guide.
Serpent built a threat mitigation system called Sentinel and warned users about vulnerabilities in Google ads in 2022, according to blockchain security company SlowMist.
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