A prominent content creator on X, who recently gained notoriety for winning a $1 million prize in a long-form article competition, is now facing serious allegations of orchestrating cryptocurrency scams. On-chain investigators and members of the crypto community have presented evidence suggesting the individual profited approximately $600,000 through a series of ‘rug pulls’ on the Solana blockchain. The allegations claim that the creator launched multiple memecoins, hyped them to their following, and then abruptly sold off their holdings, leaving retail investors with worthless tokens. The controversy reached a boiling point when the accused responded to the mounting criticism with a dismissive ‘Cry me a river’ post. This incident has sparked a massive debate regarding the ethics of social media influencers in the decentralized finance space and the urgent need for better investor protection against predatory token launches.
Source: ‘Cry me a river’: X $1M article winner accused of profiting $600K from Solana memecoin rug pulls
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