Crypto News

Crypto Scammer Creates 114 Meme Coin Scams in 1.5 Months: Stolen Funds Traced to Coinbase Wallet

 

Over the past 1.5 months, the crypto space has witnessed an alarming increase in meme coin scams. One person has reportedly created 114 such scams during this period. The scams lure unsuspecting investors by promising high returns on their investments in meme coins, which are a type of cryptocurrency that typically feature popular memes as their branding.

The modus operandi of the scammer involves creating a new meme coin, promoting it on social media platforms like Twitter and Reddit, and encouraging people to invest in it. Once people invest in the coin, the scammer runs away with their money, leaving them with worthless tokens that have no real value.

What’s even more concerning is that the scammer has been sending the stolen funds to the exact same deposit address, which is 0x739c58807B99Cb274f6FD96B10194202b8EEfB47. It’s unclear who owns this address, but it’s believed to be a Coinbase wallet.

Investors who have fallen victim to these scams are advised to report the incident to the relevant authorities and take necessary measures to secure their crypto holdings. It’s also important to remember that investing in meme coins or any cryptocurrency without proper research and due diligence can be risky.

Stay informed about the latest news and trends in the crypto space by following @TechZon101, where we provide timely and accurate updates on the hottest topics in the industry.

Creative Mind

Hello Dope SOUL'S, I am super excited to introduce myself as the founder of TechZone101.com and a passionate self-taught blogger. With a strong focus on technology and its ever-evolving landscape, I have learned everything online by myself, and I strive to provide insightful and informative content for my readers. Growing up, I was always fascinated by the power of technology and how it shapes our world. This curiosity led me to dive deep into computer science and engineering, where I taught myself the essential skills that laid a strong foundation for my career in the tech industry. After several years of being a self-taught software engineer, I realized my true passion lay in sharing knowledge and connecting with people who share similar interests. This drove me to establish TechZone101.com, a platform where I could showcase my expertise and provide valuable information about the latest tech trends, gadgets, and software. As a self-taught blogger, I continually explore new technologies, analyze market trends, and test various products to provide honest and unbiased reviews. Through my writing, I aim to make complex concepts easy to understand and help readers make informed decisions. I firmly believe that intelligence doesn't solely come from school; rather, it can be cultivated through dedication and a hunger for learning. Therefore, I strive to create content that caters to both tech enthusiasts and beginners, breaking down complex subjects into digestible articles and tutorials. In addition to my work as a blogger, I actively participate in tech conferences and events, seeking opportunities to collaborate with industry professionals and stay up-to-date with the latest advancements. This ensures that my content remains accurate, relevant, and beneficial for my audience. I am excited to continue this journey of discovery and growth, and I am grateful for the support and engagement of my readers. TechZone101.com will always be a platform dedicated to sharing knowledge, connecting with the tech community, and helping readers navigate the ever-evolving tech landscape. Thank you for being a part of this journey. Stay curious, stay tech-savvy! Best regards, [Creative Mind] Founder of TechZone101.com

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