• Chain sleuth ZachXBT uncovered a scammer’s plot to take advantage of crypto traders on Twitter.
• The scammer tricked traders into sending 10 ETH in alternate for a brand new token referred to as DGEN.
• The scammer used photoshopped transactions to say that the DGEN tokens had been issued by the founders of PEPE.

The favored sleuth on the ZachXBT channel has make clear a Twitter scammer who solicited Ether from crypto traders on Twitter by deceptive them a couple of token airdrop. The scammer, who goes by serdegen0x on Twitter, allegedly used pretend transaction screenshots to trick traders.

ZachXBT took to Twitter earlier in the present day to share serdegen0x’s newest plot to take advantage of crypto traders. In line with the chain sleuth, the scammer photographed Ethereum transactions to persuade crypto traders on Twitter that the makers behind the favored PEPE token had rolled out a brand new meme token referred to as DGEN.

serdegen0x claimed that the PEPE deployers launched a pre-sale contract for the DGEN token. The scammer inspired crypto traders to ship any ETH quantity to his pockets deal with, with the intention to be allotted for distribution of the brand new token. “Ape responsibly, however this may occasionally earn us one other 1000x memecoin,” the scammer posted on Twitter.

By this rip-off, serdegen0x managed to gather 10 ETH price over $18,000 on the time of writing. After securing the investments, the scammer deleted the presale tweet and moved the funds to a different pockets. ZachXBT revealed serdegen0x to be a serial scammer, having carried out comparable schemes up to now.

The scammer beforehand operated beneath the username rasucrypto and ran a number of pre-sale scams over the previous three weeks. In a single such rip-off, the scammer solicited ETH from crypto traders on Twitter in alternate for CHAD tokens. Nonetheless, the tokens had been by no means delivered to traders. The scammer deposited his proceeds from the scams (over 45 ETH) to Bitget.