Beware of Scammers: Report on MEME Coin Scams
In recent times, the #cryptocurrency market has witnessed the emergence of various #scam schemes targeting unsuspecting investors. This report aims to shed light on a series of MEME coin scams that have resulted in significant financial losses for individuals. By highlighting the fraudulent activities and providing relevant wallet addresses, this report seeks to educate and protect potential investors. #Memecoins
1. Scammer Exploiting Liquidity:
A scammer has been operating a scheme in which they create new MEME coins, establish liquidity for potential buyers, and then abscond with the invested funds. They have successfully swindled over 160 ETH (equivalent to $315,000) using this deceptive method.
Details:
- Scammer's Method: Create new MEME coins, add liquidity, and steal invested funds.
- Wallet Address: 0xbE6d2Eee56f9e2D9483843857b74374549B97C63
- Total Amount Scammed: 160 $ETH ($315,000)
2. MEME Coin Scam: $TOMMY:
The scammer withdrew 1.5 ETH from #KuCoin and subsequently introduced the MEME coin $TOMMY, providing 1 ETH of liquidity. After 18 days, the scammer removed liquidity and acquired 28.7 $ETH.
Details:
- Scammer's Method: Create $TOMMY, add liquidity, and withdraw invested funds.
- Wallet Address: 0xcb395E23A7602BC3082E1B70aFD4AD37F4D0379A
- Total Amount Scammed: 28.7 $ETH
3. Multiple MEME Coin Scams:
The scammer repeated their scheme with additional MEME coins, including $KSI, $ZUCK, and $BILL. They employed the same process of creating coins, adding liquidity, and then removing the invested funds. In total, the scammer managed to obtain 140 $ETH.
Details:
- Scammer's Method: Create MEME coins ($KSI, $ZUCK, $BILL), add liquidity, and withdraw invested funds. #ZUCK
- Wallet Address: 0xcb395E23A7602BC3082E1B70aFD4AD37F4D0379A
- Total Amount Scammed: 140 ETH
4. Ongoing Potential Scam Alert:
The scammer has created two more MEME coins, WALTER2.0 and GIGA2.0, and provided 2 ETH of liquidity. As of now, the liquidity has not been removed. It is advised not to purchase these tokens to avoid falling victim to the scam. #bitcoin
Details:
- Scammer's Method: Create MEME coins (WALTER2.0, GIGA2.0), add liquidity.
- Wallet Addresses: 0xdCb042660Fe7a884Cd0Be8C018B0E72533b14809, 0x33eE6449B05193766f839d6f84f7Afd5C9Bb3C93
Conclusion:
Investing in MEME coins can be lucrative, but it is essential to exercise caution and conduct thorough research before making any financial commitments. The scams outlined in this report highlight the deceptive tactics employed by fraudsters to exploit unsuspecting investors. To avoid falling victim to such scams, always verify the legitimacy of the creators behind MEME coins and be wary of suspicious activities involving liquidity pools. Stay informed and stay safe in the cryptocurrency market.
