Blockchain investigator ZachXBT revealed that SerpentAU, whose actual title stays undisclosed, used hacked social media accounts to advertise faux cryptocurrencies. Excessive-profile targets included McDonald’s, singer Usher, and Kabosu meme coin’s creator. Scammers exploited these accounts to lure victims, resulting in huge monetary losses. A hack of McDonald’s Instagram alone reportedly earned over $690,000 for the group.
Blockchain evaluation traced the rip-off funds to SerpentAU. The investigator related the stolen cash to playing websites like Stake and Roobet, the place the previous gamer made giant bets. Proof from leaked Discord screenshots additional tied him to wallets used within the fraud.
SerpentAU first confronted controversy in 2020 after dishonest allegations in Fortnite led to his removing from Extra time Gaming. Regardless of issuing a public apology, he quickly shifted to crypto ventures. His NFT projects, DAPE and ERROR, later collapsed amid accusations of dishonesty.
This case highlights rising dangers in crypto, the place belief in public figures usually results in exploitation. ZachXBT’s ongoing investigations proceed to show fraud throughout the blockchain area, forcing the gaming and crypto communities to reassess their safeguards in opposition to deceit. In the meantime, victims of those schemes are searching for justice.
