Crypto influencer under fire after parlaying CZ comment into $430K memecoin profit

Yesterday, a scammer bagged $430,000 from shilling a memecoin to his followers after getting a comment from Binance founder Changpeng ￰0￱ scammer shilled a memecoin called Shanghai Composite Index, with the ticker SCI6900, which was created on the BSC chain around four days ￰1￱ rugs his followers twice According to crypto sleuth Dethective, the scammer who goes by the name SmokezXBT rugged his followers ￰2￱ first, SmokezXBT began purchasing SCI6900, along with other crypto ￰3￱ then shilled the meme coin to his 60,000 followers and spent an hour dumping the ￰4￱ around 4:44 AM UTC, SmokezXBT started buying SCI6900 ￰5￱ scammer got a stroke of luck as one minute and 34 seconds later, at 4:46 AM UTC, CZ commented on the post, “Is this real?” CZ’s comment pushed the meme coin’s market cap by 10X from $3 million to almost $30 ￰6￱ scammer pocketed $430,000 in under two ￰7￱ token’s price increased by a staggering 4,557%.

SmokezXBT bragged about his bag and wrote, “Told you so.” He even responded to Dethective and wrote, “Keep hating bozzos.” SmokezXBT explained that he bought SCI6900 at a $90,000 market cap, held the coin, and never sold ￰8￱ bought again at a $3 million market cap and sold after CZ’s ￰9￱ wrote, “You just witnessed a masterclass on aping memes.” On-chain data shows that SmokezXBT has 1,466 deleted coin addresses, according to ￰10￱ says the scammer is a known grifter Crypto sleuth ZachXBT commented on Dethective’s X post and said, “That influencer is a known grifter.” He linked to a post from 2023 showing that SmokezXBT rugged his followers through a memecoin named ￰11￱ shilled it for days, rugged his followers, and deleted all social media ￰12￱ reached out to SmokezXBT, who admitted lying to his ￰13￱ claimed that he created BLOOD, but then said that two devs hired him to act as a marketer and promote the ￰14￱ said the grifter was “playing victim and making excuses.” CZ has been active in the crypto memecoin space, particularly after launching the Meme Rush wallet , which provides users with early access to memecoins.

A few days ago, the BNB meme season was at its peak, with 70% of investors in profit, according to a report by Cryptopolitan. However, memecoins on Binance have suffered drastic losses, especially after the crypto market witnessed its largest single-day liquidation , which wiped out $9.55 ￰15￱ memecoins suffered a 20.4% loss in the past 24 ￰16￱ overall memecoins market capitalization is down by 19.8%, according to ￰17￱ up to $30,050 in trading rewards when you join Bybit today