ZachXBT: Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x defrauded more than 130000 dollars in the past month

According to reports, Zach XBT, a chain security analyst, tweeted that the Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x had Rug of more than $136500 (80.3 ETH) in the name of CryptoPunks and Azuki whales in the past month. These two accounts have created more than 13 open version projects and held fake giveaways.

Interpretation of this information:

The recent reports indicate that Zach XBT, who is a renowned chain security analyst, had taken to Twitter to reveal some disturbing information about two accounts on the social media platform. The accounts in question are @CyrusPunk9623 and @Stevedoes100x, and according to Zach’s tweet, they are behind a massive Rug of more than $136500 (80.3 ETH). This Rug is supposedly in the name of two popular types of NFT, namely CryptoPunks and Azuki whales.

It is further reported that both accounts have been involved in a series of fraudulent activities such as creating more than 13 open version projects and conducting fake giveaways. This situation has caused a considerable amount of concern amongst the crypto enthusiast community as it highlights a recurrent problem within the industry.

The scam involves luring unsuspecting individuals into giving up their private keys by promising lucrative rewards such as NFTs or cryptocurrencies. The victims are instructed to send a small sum of cryptocurrency to the scammers in order to receive their rewards. However, after sending the funds, the victims never receive their promised rewards nor their funds back.

This incident highlights the risks associated with investing in NFTs and cryptocurrency. Fraudulent activities like these tarnish the reputation of the crypto industry and raise doubts about its legitimacy. It is important for investors to be cautious and vigilant while investing in cryptocurrency and to verify the authenticity of any project or giveaway before participating.

In summary, Zach XBT’s tweet reveals that two Twitter accounts – @CyrusPunk9623 and @Stevedoes100x – have been involved in fraudulent activities that have resulted in a loss of more than $136500 (80.3 ETH) to victims. These accounts have been promoting fake giveaways and creating sham crypto projects. The incident underscores the importance of exercising caution and due diligence while investing in cryptocurrency or NFTs.