🚨 Meme Coin Money Laundering Exposed: The "Pump & Clean" Scheme
(A Thread for Crypto Traders & Investigators)
🔍 The Pattern: "Too Good to Be True" Trades
- $608 → $881,000 (+$880,400)
- $45 → $306,400 (+$306,400)
- $7.60 → $107,100 (+$107,100)
- $91 → $45,200 (+$45,100)
These aren’t "lucky trades"—they’re staged money laundering operations using meme coins. Here’s how it works:
🕵️♂️ The Scam: "Pump & Clean" in 3 Steps
1. Setup Phase:
- Scammers create a low-liquidity meme coin (e.g., a random BSC/Base/Solana token).
- They buy small amounts ($10–$500) from fresh, "clean" wallets (no stolen funds yet).
2. Pump Phase:
- Use stolen funds (e.g., hacked assets, dirty money) to dump $500K–$1M+ into the coin.
- This artificially pumps the price 10,000%+ in minutes (low liquidity = extreme volatility).
3. Exit Phase:
- The "clean" wallets (from Step 1) now hold $100K+ in "profits" from the pump.
- Cash out through DEXs/CEXs, converting **dirty money into "legit" gains**.
🎭 Why Meme Coins?
- No utility = No scrutiny.
- Low liquidity = Easy to manipulate.
- Community hype = Natural camouflage (victims blame "FOMO" instead of fraud).
🚫 Red Flags to Spot These Scams
1. Anonymous teams + zero utility (e.g., "Trump vs. Musk" meme coins).
2. Extreme low-cap pumps (e.g., $50 → $300K in hours).
3. On-chain sleuthing: Check if large buys came from wallets linked to hacks/scams.
📢 Message to Binance & Traders
- Exchanges: Freeze wallets linked to sudden meme coin cashouts (likely laundered funds).
- Traders: Avoid "easy 1000x" meme coins—you’re the exit liquidity for criminals.
*(Shared via #xmucan / #Binance / #Memecoin
🎁 Free Resource: "How to Investigate Meme Coin Laundering - Download our step-by-step guide [*link*] to track shady on-chain activity.
⚠️ Remember: If a trade seems **too good to be true**, it’s probably **crime**.
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