Shocking the crypto community, 13-year-old streamer pulls off a $35 million meme coin scam

The crypto industry is in shock as a 13-year-old streamer has masterminded a $35 million fraud utilizing a meme currency in an amazing turn of events. Using his online persona, the young con artist used his increasing social media presence to advertise a recently developed cryptocurrency, guaranteeing huge profits to his followers.

The adolescent stoked the meme currency via viral videos, engaging streams, and manufactured endorsements from phoney influencers using a well-considered marketing approach. The value of the currency grew as additional investors poured money into the project—only for the teenage con artist to carry out a traditional rug pull.

He cashed out at the price top, leaving hundreds of investors with worthless tokens. Authorities are now looking into whether legal action may be taken against a kid; blockchain experts saw the hoax right away.

This event has sparked again debates about the lack of control in the crypto market, particularly with relation to meme currencies. It also emphasizes how young, tech-savvy people may profit personally from market frenzy. Many of the members of the crypto community are advocating more stringent security measures to stop such dishonest plans from developing going forward.

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