Crypto Scam Alert: Serpent, Ex-Fortnite Star, Defrauds $3.5M in Rug Pull
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 28 2024Involvement in Crypto Scams: Australian former professional Fortnite player, Serpent, has been implicated in a crypto scam that defrauded investors of $3.5 million, following his dismissal from an esports organization due to a cheating scandal in 2020. He co-created two NFT projects, DAPE and ERROR, both of which were rug pulls.
Tracing and Detection Efforts: An investigation by ZachXBT revealed Serpent's use of specific addresses for the scams, linking him to various online gambling sites and multiple account takeovers. Despite attempts to erase his digital footprint, funds from the scams remain traceable to him, highlighting ongoing vulnerabilities in the crypto space.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
