Uncovering Deception in the Crypto World 🕵️♂️
On April 3, 2024, shocking revelations surfaced in the crypto community as ZachXBT unearthed a potential hoax involving Kyle and an NFT project called ‘NuddiesNFT.’ Initial claims of a hack quickly turned into accusations of deceit and manipulation as the prominent investigator delved deeper into the matter.
Kyle’s Alleged Fraudulent Activities 🚨
- Investigating a suspected hack linked to Kyle and ‘NuddiesNFT,’ ZachXBT uncovered evidence pointing towards a deliberate fund transfer rather than an external breach.
- Following the trail of 94 SOL tokens worth $12,000 to an exchange address, a subsequent Ethereum transaction of 3.42 ETH worth $11.7K shed light on the dubious activities.
- The ETH was used to purchase valuable NFTs, notably DeGods 2921 & y00t 10991, which were later traced to Kyle’s public ENS address.
Reckless Behavior and Public Exposure 🔍
- Despite the alleged scam, Kyle boldly displayed the acquired DeGods NFT as his profile picture on various social media platforms.
- Following the incident, instead of covering their tracks, Kyle and accomplices resorted to sharing motivational content in Discord, oblivious to the immutable nature of blockchain records.
- ZachXBT’s thorough investigation sheds light on the transparency inherent in blockchain technology, showcasing how fraudulent activities can be unveiled despite attempts to deceive.
Aftermath of the Exposé 🔒
- Following ZachXBT’s public disclosure, Kyle swiftly deleted his X account, attempting to evade further scrutiny.
- NuddiesNFT, on the other hand, publicized the replenishment of its creator wallet with $12,000, appointing new community members to oversee the project’s operations post-Kyle’s removal.
- While some investors retain optimism about NuddiesNFT’s future, skepticism lingers, with concerns over potential rug-pulling schemes plaguing the project.
The Unmasking of Crypto Frauds 👀
Since 2021, ZachXBT has been dedicated to unmasking fraudulent activities and exposing dubious practices in the crypto space, targeting influential figures like Crypto Rover, Ben Armstrong of BitBoyCrypto, Lark Davis, DannyCrypt, and more.
The investigator even turned his attention to popular YouTuber Logan Paul, highlighting the importance of accountability and transparency in the crypto industry.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.