- One of the participants made an exit scam
- Now all the community and crypto-detectives are looking for him
Investigator ZachXBT reported another exit scam. This time, the WSB Coin project became its defendant. One of the team members under the nickname ZJZ.eth suddenly sold out most of the tokens. It was a trade worth $635,000 (334 ETH). As a result, the price of the WSB coin fell by 90%.
Note that this person ran WallStreetBets moderation bots. Crypto detective ZachXBT recalled that ZJZ.eth once wrote to him last year: “I think we should have been greedy immoral bastards instead”:
Another OIP mod was involved in the transaction. He helped authorize transactions by acting as a second co-signer in a multisig wallet.
Another member of the WSBMod team tried to fix the problem. He hosted a community stream on Twitter Spaces, during which he tried to contact zjz.eth. However, he did not get in touch. WSBMod then publicly addressed zjz.eth via Twitter:
“If you do not contact me within 4 hours, I will write a statement to the police and the FBI. You are completely doxed. I don’t understand why you’re doing this. If there is an explanation somehow, please tell me. You can still get your money back”
We will continue to follow this story and share fresh details later.