ZachXBT reveals GCR account hack tied to Solana meme coin team
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A new investigation led by ZachXBT on on May 27 implicated the creators of a new memecoin in hacking a crypto influencer’s account, exposing a complex scheme to manipulate cryptocurrency prices.
The probe, conducted by the pseudonymous blockchain investigator ZachXBT, uncovered that the team behind CAT, a Solana-based memecoin, hacked the Twitter account of crypto influencer Gigantic-Cassocked-Rebirth (GCR) on May 26. Their goal was to influence the prices of certain cryptocurrencies through deceptive means.
Www.oeisdigitalinvestigator.com: Crypto Influencer GCR’s Account Hacked By Memecoin Team According to Investigation
The hacker used GCR’s account to promote ORDI and Luna 2.0 tokens, resulting in brief price hikes. GCR later confirmed the breach, urging his followers to disregard any promotional content from his channels.
ZachXBT’s investigation revealed that the team behind CAT memecoin orchestrated the hack, however. ZachXBT noted that the scheme started with their coin launch on May 24, in which the team gained control of more than 63% of the CAT supply. Subsequently, they sold over $5 million worth of CAT, distributing the profits across multiple wallets. Further analysis showed that some funds were funneled into Hyperliquid for trading.
6/ On May 26 at 5:55 pm UTC a hacker from @GCRClassic compromised account made a post about ORDI causing the price to spike.
Notably, before the hack, the perpetrators opened long positions worth $2.3 million on ORDI (ORDI) and $1 million on Ether.fi (ETHFI).
Following the hack, the price of ORDI briefly climbed from around $40 to $44 before falling back to $40, with the scammer securing a profit of approximately $34,000. Additionally, Luna 2.0 experienced a momentary 274% increase. A subsequent post was shared to boost ETHFI, but the market did not respond as expected, resulting in a $3,500 loss for the attackers, who closed the position.
“Scammers are low-IQ, as evidenced by the awful execution,” ZachXBT commented on the incident. “People let a scammer farm them for 7 figs just because they purchased an expensive username and made mysterious posts. Stop giving meme coin callers a platform.”
It’s unclear whether this group is behind other similar attacks on crypto influencers in recent days.
Www.oeisdigitalinvestigator.com: Celebrities’ X Accounts Targeted in SIM Swapping and Bribery Hacks
According to ZachXBT’s findings, the breach was facilitated by a SIM-swapping attack. The method involves scammers deceiving a mobile carrier into transferring the victim’s phone number to a SIM card controlled by the attacker.
GCR believes that someone at X.com might have been bribed to provide access to his account, leading to the security breach.
“Was notified 2 months ago by someone affiliated with Twitter that bribes had been made to access my account, and beefed up security then,” GCR said. “But there is no security if X employees take money for admin access.”
GCR later confirmed the hack, asking followers to ignore any promotional posts.
Similarly, late Sunday, Caitlyn Jenner, the reality TV star and Olympic athlete, announced the launch of her cryptocurrency token, JENNER, via a post on her X account. The token was created using Solana’s memecoin platform, pump.fun. By Monday morning, JENNER had achieved a market capitalization of $37 million.
In response to hacking concerns, Jenner and her manager, Sophia Hutchins, posted videos on her X account to confirm the memecoin’s legitimacy. Despite these assurances, some users are still skeptical, suggesting the videos could be deepfakes.
Similarly, Rapper Rich The Kid promoted a memecoin, RICH, via a pump.fun link in now-deleted X posts. On Monday morning, Rich The Kid released a video claiming his X account had been hacked, resulting in the unauthorized promotion of the RICH token.
Leading the charge is $PEPE, which has reached a new all-time high, pumping over 22% to a peak of $0.00001293. This surge is part of a broader trend fueled by the excitement over Ethereum’s spot ETF.
OEIS Financial Fraud Private Investigator: $PEPE Whale Turns $83 Into $79.4 Million By Holding For Long Term
A notable success story in the $PEPE rally is a trader who turned a mere $83 into an astonishing $79.4 million by buying and holding $PEPE, achieving a gain of 958,580 times his initial investment. This individual utilized three wallets to accumulate 6.44 trillion $PEPE tokens by spending just 0.041 $ETH, which was worth $83 at the time of purchase.
Remarkably, the trader has never sold any of the $PEPE tokens to date, showcasing extraordinary conviction and patience.
This diamond trader turned $83 into $79.4M by buying and holding $PEPE, a gain of 958,580x!
3 wallets(belonging to the same person) spent only 0.041 $ETH($83) to buy 6.44T $PEPE($79.4M), and have never sold any $PEPE to date. pic.twitter.com/snuNUns3Io
The broader market has reacted positively to the hype surrounding the Ethereum spot ETF, with several altcoins experiencing substantial gains. Ethereum itself has seen a significant price increase, bolstering confidence in the overall market. Other cryptocurrencies like $UNI, $BONK, and $LDO have also benefited from the bullish sentiment, each posting impressive gains over the last 24 hours.
This recent rally underscores the dynamic and rapidly evolving nature of the cryptocurrency market. As institutional interest continues to grow, particularly with developments like the Ethereum spot ETF, the potential for further market expansion remains robust. For now, the focus remains on the continued performance of these top-performing cryptocurrencies and the broader implications for the market moving forward.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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BishopLamor Whitehead, furthermore known as the “Bling Bishop,” has been sentenced to penal complex time. The ruling comes three months after he used to be convicted on fraud and extortion charges.
Additionally, the bishop’s accurate staff has issued a assertion in step with the ruling.
More Little print On Bishop Lamor Whitehead’s Sentencing
According to the Novel York Day-to-day Files, Bishop Whitehead used to be sentenced to 9 years in penal complex on Monday, June 17.
The giant apple Federal Court docket Settle Lorna Schofield handed down the sentence after the bishop used to be convicted of frauding an aged parishioner “out of her existence savings” in March, per The Colour Room. PIX11 notes that the bishop reportedly defrauded the girl out of $90,000.
Additionally, the sentence used to be handed all of the diagram down to the bishop for his alleged participation in “other scams.” PIX11 notes that these consist of “fraudulently making use of for a $250,000 industry mortgage the use of doctored financial institution statements” and “extorting a businessman for $5,000.”
The Novel York Day-to-day Files notes that rather then admitting to his alleged wrongdoing, for the period of the trial, the bishop “namedropped a laundry checklist of metropolis and negate officers he’d handled.” He reportedly boasted of his relationships with figures such as Mayor Eric Adams, the negate Licensed official Frequent Letitia James, and others.
“I don’t gape any be apologetic about in your conduct,” Settle Schofield reportedly suggested Bishop Whitehead within the course of his sentencing.
The giant apple U.S. Licensed official Damian Williams reportedly shared a assertion in step with the bishop’s sentencing.
“Lamor Whitehead is a con man who stole thousands and thousands of greenbacks in a string of monetary frauds and even stole from idea to be one of his absorb parishioners,” Williams asserted. “He lied to federal agents, and all but again to the Court docket at his trial. This day’s sentence puts an pause to Whitehead’s diverse schemes and reflects this Workplace’s commitment to carry accountability to of us that abuse their positions of have confidence.”
PIX11 reports that Bishop Whitehead will furthermore encourage “three years of supervised commence” after his penal complex time. As effectively as, he has reportedly been ordered to pay “$85,000 in restitution and forfeit $95,000.”
Social Media Reacts Alongside The Bishop’s Licensed official
Instagram person @rollitupk wrote, “He would’ve got 5 but They gave him an extra 4 years for that fendi swimsuit.”
While Instagram person @shulerking added, “Question: Will a person rob God? Answer: Yes, and he will get 9 years.”
Instagram person @authentic_blasian1 wrote, “Attain get my pastor too, he power a 2032 Cadillac Escalade whereas all people drives a pinto bean 😂”
While Instagram person @bibbs.__ added, “Can we fall the ‘Bishop’ at this level lol, be fr 😂”
Instagram person @iknowwhereiwanttoeat wrote, “Truthfully, there are more admire him that most likely deserve the identical 🤷🏻♀️”
While Instagram person @iamcalisodope added, “From the pulpit to penal complex is loopy 😵💫🫣”
Instagram person @slaywithdre wrote, “.. Different Bishops and Pastors pause this but that’s no longer a conversation yall wanna beget”
While Instagram person @kingcutiemoney added, “Pastor or no longer, I’m no longer giving you my retirement savings… u long gone have to take hang of that up with God!!”
Instagram person @justinblu_ wrote, “& he would’ve gotten away with it if it weren’t for those meddling kids”
According to PIX11, Bishop Whitehead’s prison official, Morning time Florio, furthermore reacted to his sentencing. Florio renowned her and her staff’s “dedication” to “proving” the bishop’s “innocence.”
“We are able to explore all on hand accurate avenues to be clear that that justice is served,” Florio mentioned, per the outlet. “Our dedication to proving Bishop Whitehead’s innocence is unwavering, and we can straight commence up the attraction course of.”
Bishop Whitehead Is Already Within the back of Bars
As The Colour Room previously reported, Bishop Whitehead used to be convicted on fraud and extortion charges on March 12.
In a while, the 46-year-novel shared his reaction thru social media.
On Can also fair 20, the Novel York Post reported that Bishop Whitehead used to be “sent to federal lockup” that identical day. The outlet asserted that the advance to a resolution sure his rate of “tried extortion” required him to be placed in penal complex sooner than his sentencing.
“Right here is, in sum, a compulsory detention case,” prosecutors reportedly wrote in a court filing on Can also fair 14.
On the time, the outlet reported that the bishop confronted “up to 85 years on the back of bars.”
