Fortnite Pro-Turned-Scammer Tied to $3.5 Million Theft via Meme Coin Fraud

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As a seasoned analyst with years of investigative experience under my belt, I must say that the fall from grace of SerpentAU is nothing short of astounding. From being a celebrated Fortnite YouTuber to being at the center of a $3.5 million crypto fraud scandal, this story is reminiscent of a rollercoaster ride gone awry.

Originally renowned for his extraordinary gaming abilities on Fortnite, Australian YouTube personality SerpentAU is currently under scrutiny due to allegations involving a major crypto scam.

ZachXBT, a blockchain investigator, disclosed that SerpentAU, whose identity is still unknown, significantly contributed to a $3.5 million fraudulent scheme using meme coins. Previously known for his skills in esports, this individual was dismissed from Overtime Gaming in 2020 due to accusations of cheating, signifying a significant downfall.

From Gaming Scandal to Crypto Fraud

ZachXBT’s thorough examination suggests that SerpentAU was involved in numerous instances of account hijacking (Account Takeovers or ATOs). This YouTube personality focused on infiltrating prominent figures such as McDonald’s, Usher, and the creator of the Kabosu meme coin.

For several months now, a digital detective has been following a string of connected hacks involving McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, and others on platforms like X and IG. These incidents are believed to have led to the theft of more than $3.5 million through the release of Pump Fun meme coins.

These hacked social media profiles were used to advertise fake cryptocurrencies, enticing unwary followers into substantial investments. For example, the hack of McDonald’s Instagram account brought in around $690,000 for the fraudsters. The malicious user then transferred these funds using digital wallets linked to SerpentAU in the blockchain network.

Through timeline analysis and blockchain monitoring, ZachXBT connected funds from these fraudulent activities to gambling sites such as Stake and Roobet. It’s said that SerpentAU placed millions on these gaming platforms. In one case, a leaked Discord screen recording showed Serpent making significant deposits and withdrawals from wallets linked to the scams.

In 2020, SerpentAU became well-known for being uncovered using macros, which are tools that provide an unfair edge in Fortnite’s Creative mode. Although he admitted regret and claimed ignorance about the gravity of his actions, his professional path subsequently headed towards a more troubling direction.

By 2022, SerpentAU was involved in launching NFT (non-fungible token) and cryptocurrency initiatives like DAPE and ERROR. However, both these projects faced allegations of fraudulent practices which eventually led to their downfall. These experiences paved the way for his increased involvement in questionable blockchain-based schemes.

As more information comes to light about SerpentAU’s actions, the effects ripple far beyond the world of cryptocurrency. Those who have been swindled are struggling with substantial financial setbacks. The esports community is forced to address the moral shortcomings of a once-prominent figure. Intriguingly, Serpent’s initial apology for cheating in Fortnite featured a request for compassion.

According to SerpentAU, the allure of money, power, and life experiences clouded his judgement on the actions he took.

This phrase now resonates ominously, predicting his path toward crypto deception. The incident underscores the evolving landscape of internet-based fraud.

It’s clear that social media platforms can serve as tools for harmful individuals, a fact that’s becoming increasingly evident as investigations by ZachXBT reveal more about these deceitful strategies. Meanwhile, the cryptocurrency and gaming communities are coming to terms with the price they’ve paid due to misguided trust in influential personas.

In the past, ZachXBT has conducted other high-profile investigations. Known as a blockchain detective, he’s uncovered substantial frauds before, such as phishing scams aimed at Coinbase users and manipulation of meme coins involving influential personalities like Murad.

His work resulted not only in the apprehension of hackers tied to Genesis Trading creditors, but also triggered the departures of important figures at OpSec Williams following disclosures of suspected fraudulent activities. The persistent pursuit by ZachXBT of dishonesty within the cryptocurrency market underscores the underlying risks that investors must be aware of.

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2024-11-28 10:27