A renowned crypto influencer ZachXBT has taken to the social media platform Twitter to expose a meme coin scam. The scam involves an account that goes by the name of WandaNaraCrypto. Argentine model Wanda Nara has reportedly endorsed the VIRAL token project.
In a recent Twitter thread, ZachXBT shared information on the matter:
A meme coin scam @WandaNaraCrypto with a gold checkmark impersonated the Argentine model @wanditanara and raised over 131 ETH ($242k).
— ZachXBT (@zachxbt) May 28, 2023
0x649cc59160b296f75a443276fEc8CEA1EbE448a9 pic.twitter.com/bgknbjuPq9
Model Wanda Nara has reportedly taken to the microblogging site to express her dissatisfaction, as shown by ZachXBT’s screenshots. It has been reported that an individual has claimed that another account has falsely used their identity. The concerned person has noted this issue and brought it to the attention of the relevant authorities. In a cunning move, scammers were able to capitalize on the immense popularity of the VIRAL project, successfully raising a staggering 131 ETH, estimated to be worth around $242,000.
Unwary participants in the pre-sale of the supposed currency received a lot of attention after the tweet announcing the event went viral. The scam featured the false promotion of a meme currency by using a confirmed badge and a username nearly identical to the real model. Many people would have fallen for the fraud if it had been effective. Many people who invest money in an investment project believe it is legitimate.
After the news broke, the Viral ERC-20 token’s official Twitter account indicated it would begin issuing payments:
Dear $VIRAL HOLDERS,
— VIRAL (@ViralTokenErc20) May 28, 2023
First of all, I want to express my sincere APOLOGIES for the recent events that have caused concern and uncertainty around our $VIRAL project. It pains me deeply that our initiative has been questioned and I perfectly understand the doubts and fears that…
The developers of VIRAL have expressed regret for the occurrences that have cast doubt on their work. They promised to listen to community feedback and change the project’s relaunch so people would have faith in it again. Some users complained that they had not received their promised refunds, while other accounts spread false information about the meme coin.
Customers’ CEX accounts were used to support questionable initiatives, as shown by ZachXBT. It highlights the significance of recognizing genuine and doubtful endeavors, especially in light of the meteoric rise of the meme coin industry.
