ZackXBT’s research has found links between addresses connected to a former professional Fortnite player and cybersecurity expert and a number of high-profile account takeovers.
Blockchain detective ZachXBT suggests that a blockchain security analyst and former professional Fortnite player from Australia has been involved in memecoin schemes that have led to the theft of an estimated $3.5 million.
In a thread posted on X on November 27, ZachXBT said that wallet addresses connected to a former professional Fortnite player known as “Serpent” were “highly exposed” to a number of Pump.fun memecoin scams using hacked social media accounts.
The former gamer, who was expelled from the esports organization “Overtime” in June 2020 for alleged deception, was also recognized on X as a security analyst and the founder of a threat mitigation system called Sentinel, according to gaming TV network Ginx.
“For the past few months, I have been monitoring a series of related compromises on X and IG, including McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, and others. These compromises have likely resulted in the theft of over $3.5 million through the launch of Pump Fun meme coins.”
According to ZachXBT, a wallet address associated with Serpent’s initiative “ERROR” (which he claims was a rug draw) was “directly connected” to numerous account takeovers, such as McDonald’s, Usher, Andy Ayrey, Dean Norris, and Enoshima Aquarium.
The investigator also stated that Serpent was “gambling the proceeds away at online casinos.” The recordings of him wagering revealed a deposit and withdrawal address that was “highly exposed” to some of the addresses involved in the account takeovers.
According to the investigator, Serpent initiated the deletion of all of his postings from his new X account following the publication of the initial portion of the investigation on November 26.
On his now-suspended X account in 2022, ‘Serpent’ claimed to be a cybersecurity analyst and published a guide on how fraudsters target inexperienced crypto users by utilizing false websites, compromised verified accounts, phishing, and spurious airdrops.
In 2022, Serpent also established a threat mitigation system known as Sentinel and provided users with warnings regarding vulnerabilities in Google ads, according to blockchain security firm SlowMist.
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