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- A WallStreetBets insider who used WSB Coin has returned the funds he took from the project.
- $WSB fell over 90% earlier today after insiders dumped over half a million dollars worth of memecoin.
- The insider responsible for the rug pulling has since reached out to the WallStreetBets team to make the WSB investors complete.
- $WSB jumps over 150% after insider agrees to return funds.
WallStreetBets Insider Accused of Withdrawing Rugs from WSB Coin Investors Has Refunded His Money From memecoin
project.In a rather interesting turn of events, zjz.eth of WSB Coin, accused of sabotaging the project, started Twitter Defending his actions earlier today, he instead accused WallStreetBets Twitter operator WSBMod of improperly profiting by secretly airdropping memecoin. After several hours of back and forth, the stolen funds were returned to the project, causing the price of WSB Coin to increase by 155%.
WallStreetBets Insider Returns 332 ETH to WSB Tokens
The controversy started earlier today after the recently launched WSB Coin lost more than 90% of its value. Popular on-chain detective ZachXBT disclose A member of WallStreetBets (zjz.eth) dumped over $600,000 worth of WSB from the project’s marketing fund, which he held for safekeeping. The insiders then began colluding with the moderators of the WallStreetBets subreddit (OIP) to drain the project’s multisig vault.
WSBMod rallied the project’s insiders on Twitter and asked them to get in touch to assist in returning the stolen funds. The moderator shared the identities of the two insiders on Twitter and threatened to contact the FBI about their covert operations. zjz.eth quickly revealed on Twitter that he was seeking a return mechanism for the eth he had taken. He further accused WSBMod of draining WSB coins through a secret airdrop of over $25,000. He claims that memecoin is designed to enrich moderators. However, he was condemned by the community for dumping the stolen WSB and netting over half a million dollars in the process.
WSBMod set out to build a 2/3 multi-signature On-chain detective ZachXBT as one of the signers.Data on the chain comes from ether scan
It shows that zjz.eth has returned more than 4 billion WSB and 332 ETH, a total value of more than 1 million US dollars at the current price of encrypted assets. After the funds flowed back, WSB Coin soared more than 155%, reaching as high as $0.00022.
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