Major scam exposed: ZachXBT discovered a significant scam totaling 3.5 million USD involving a professional gamer. This incident highlights the rising risk of compromised social media accounts.

Worrying trend of fraud: The year 2024 sees an increase in wallet attacks and rug pull scams in the cryptocurrency industry, where hacking of prominent accounts has become a marketing tactic for fraudulent meme coins.

Gamer’s role in fraud: The professional Fortnite player, Serpent, plays a key role in these scams, reaping millions USD from the pump.fun platform. Notable accounts like McDonald’s and Usher have been compromised to promote meme coins.

Emphasizing the need for vigilance: These findings expose the mechanisms of fraud and emphasize the necessity for heightened vigilance within the cryptocurrency community.