{"id":78268,"date":"2023-05-04T10:42:00","date_gmt":"2023-05-04T07:42:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78268"},"modified":"2025-09-11T04:02:13","modified_gmt":"2025-09-11T01:02:13","slug":"wsb-coin-plunges-90-on-alleged-dump-by-group-curator","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wsb-coin-plunges-90-on-alleged-dump-by-group-curator\/","title":{"rendered":"WSB Coin plunges 90% on alleged dump by group curator"},"content":{"rendered":"<p>A WallStreetBets moderator-linked bot user <a href=\\\"https:\/\/twitter.com\/zjzWSB\\\"> zjz.eth<\/a> converted part of the WSB Coin (WSB) supply intended for the team into ETH in a Uniswap pool over several hours, triggering a price drop in the asset.<\/p>\n<p>Initially<a href=\\\"https:\/\/twitter.com\/icebagz_\/status\/1653923916186894336\\\"> \u0442\u0440\u0435\u0432\u043e\u0433\u0443 \u0437\u0430\u0431\u0438\u043b<\/a> a user Ice Bagz, which circulated through the community, as on-chain data excluded other interpretations.<\/p>\n<p>Researcher ZachXBT confirmed concerns, estimating zjz.eth&#8217;s sales at 334 ETH (~$665,000). He said a personal message from the community founder in November 2022 suggested that team members should be \u201cgreedy and immoral bastards.\u201d<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Another day another meme coin rug this time involving ZJZ.eth from <a href=\\\"https:\/\/twitter.com\/WSBCoinOfficial?ref_src=twsrc%5Etfw\\\">@wsbcoinofficial<\/a> who suddenly dumped a large portion of the WSB team supply for $635k (334 ETH)<\/p>\n<p>In Nov 2022 he messaged me <\/p>\n<p>\u201cI guess we should have been greedy amoral bastards instead ?\u201d <a href=\\\"https:\/\/t.co\/b9mfrZv0CD\\\">pic.twitter.com\/b9mfrZv0CD<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\\\"https:\/\/twitter.com\/zachxbt\/status\/1653937194388664322?ref_src=twsrc%5Etfw\\\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\u041f\u043e\u0437\u0434\u043d\u0435\u0435 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 PeckShield \u0437\u0430\u044f\u0432\u0438\u043b\u0438 \u043e \u043f\u0440\u043e\u0434\u0430\u0436\u0430\u0445 \u0430\u043a\u0442\u0438\u0432\u0430 \u043d\u0430 8312 ETH \u0434\u0440\u0443\u0433\u0438\u043c \u043a\u043e\u0448\u0435\u043b\u044c\u043a\u043e\u043c, \u043d\u0430 \u043a\u043e\u0442\u043e\u0440\u044b\u0439 zjz.eth \u0440\u0430\u043d\u0435\u0435 \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b 46,7 \u043c\u043b\u043d WSB.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\\\">#PeckShieldAlert<\/a> <a href=\\\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\\\">@zachxbt<\/a> has reported that zjz.eth from <a href=\\\"https:\/\/twitter.com\/WSBCoinOfficial?ref_src=twsrc%5Etfw\\\">@wsbcoinofficial<\/a> rugged <a href=\\\"https:\/\/twitter.com\/search?q=%24WSB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$WSB<\/a>. <a href=\\\"https:\/\/twitter.com\/search?q=%24WSB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$WSB<\/a> has dropped -86%.<br \/>It appears that zjz.eth dumped a large portion of <a href=\\\"https:\/\/twitter.com\/search?q=%24WSB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$WSB<\/a> for 334 ETH ($635k). <br \/>Another wallet (0x9290\u2026672) that received 46.7M <a href=\\\"https:\/\/twitter.com\/search?q=%24WSB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$WSB<\/a> from zjz.eth also seems to have dumped\u2026 <a href=\\\"https:\/\/t.co\/W6aGF5UIss\\\">pic.twitter.com\/W6aGF5UIss<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\\\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1653950338926522370?ref_src=twsrc%5Etfw\\\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>ZachXBT in a separate tweet stated that another WSB Coin moderator named OIP helped authorise transactions, acting as the second signer in the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-multisignature-what-is-a-ring-signature\">multisig-wallet<\/a>.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">I reached out to <a href=\\\"https:\/\/twitter.com\/wsbmod?ref_src=twsrc%5Etfw\\\">@wsbmod<\/a> for clarification on the other multisig signer for the 6.86B WSB transaction and they claim it belongs to the mod OIP. <\/p>\n<p>So zjz created the transaction and OIP executed it. <a href=\\\"https:\/\/t.co\/LMdQQxNDST\\\">pic.twitter.com\/LMdQQxNDST<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\\\"https:\/\/twitter.com\/zachxbt\/status\/1653949039941935106?ref_src=twsrc%5Etfw\\\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\u0415\u0449\u0435 \u043e\u0434\u0438\u043d \u0441\u043e\u0443\u0447\u0440\u0435\u0434\u0438\u0442\u0435\u043b\u044c \u0441\u043e\u043e\u0431\u0449\u0435\u0441\u0442\u0432\u0430 \u2014 WSBMod \u2014 \u043e\u0440\u0433\u0430\u043d\u0438\u0437\u043e\u0432\u0430\u043b \u044d\u043a\u0441\u0442\u0440\u0435\u043d\u043d\u0443\u044e \u0432\u0441\u0442\u0440\u0435\u0447\u0443 \u0432 Twitter Spaces, \u043a\u043e\u0442\u043e\u0440\u0430\u044f \u043f\u0440\u0438\u0432\u043b\u0435\u043a\u043b\u0430 \u0441\u0432\u044b\u0448\u0435 8500 \u0443\u0447\u0430\u0441\u0442\u043d\u0438\u043a\u043e\u0432 WallStreetBets. \u0418\u043c \u043d\u0435 \u0443\u0434\u0430\u043b\u043e\u0441\u044c \u0432\u044b\u0439\u0442\u0438 \u043d\u0430 \u0441\u0432\u044f\u0437\u044c \u0441 zjz.eth \u0434\u043b\u044f \u043f\u0440\u043e\u044f\u0441\u043d\u0435\u043d\u0438\u044f \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u0438.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"zxx\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/t.co\/BDFYHSBvLA\\\">https:\/\/t.co\/BDFYHSBvLA<\/a><\/p>\n<p>\u2014 WSBMod (@wsbmod) <a href=\\\"https:\/\/twitter.com\/wsbmod\/status\/1653926642257985537?ref_src=twsrc%5Etfw\\\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cIf you do not contact me within four hours, I will file a police and FBI report. You are fully doxxed. I do not understand why you would do this. If there are any explanations, you should share them. I do not understand how this is possible. You can still return the money,\u201d<\/em> warned WSBMod \u201ccolleague\u201d.<\/p>\n<\/blockquote>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">hey <a href=\\\"https:\/\/twitter.com\/zjzWSB?ref_src=twsrc%5Etfw\\\">@zjzWSB<\/a>, if you don\u2019t get in touch with me within 4 hours I will file a police and FBI report.<\/p>\n<p>you are fully doxxed. I don\u2019t understand why you would do this.<\/p>\n<p>if somehow theres an explanation you have to speak up but idk how that\u2019s possible<\/p>\n<p>you can still return the money.<\/p>\n<p>\u2014 WSBMod (@wsbmod) <a href=\\\"https:\/\/twitter.com\/wsbmod\/status\/1653954223199985665?ref_src=twsrc%5Etfw\\\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>WSB Coin launched on May 2. Moderators described the asset as the \u201cofficial unofficial meme coin of r\/wallstreetbets.\u201d Ten percent of the supply was reserved for WallStreetBets participants, five percent for its moderators.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Enough with the fake <a href=\\\"https:\/\/twitter.com\/search?q=%24WSB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$WSB<\/a> coins. Time for the sub to have one of its own.<\/p>\n<p>No team, no taxes. 10% reserved for r\/wallstreetbets. 5% reserved for the current mods. <a href=\\\"https:\/\/t.co\/D43Qm8U7BS\\\">https:\/\/t.co\/D43Qm8U7BS<\/a><\/p>\n<p>\u2014 WSBMod (@wsbmod) <a href=\\\"https:\/\/twitter.com\/wsbmod\/status\/1653189348240637952?ref_src=twsrc%5Etfw\\\">May 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to CoinGecko, at the time of writing WSB\u2019s daily losses had narrowed to 85.4%.<\/p>\n<p>As noted earlier, former <span data-descr=\\\"Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> attorney John Reed Stark noted that the digital-asset market is rife with market manipulation, insider trading and fraud. This, among other reasons, contributed to a <a href=\"https:\/\/u1f987.com\/en\/news\/former-sec-official-explains-the-reasons-behind-the-crypto-markets-collapse\">\u00abcryptocurrency crash\u00bb<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A WallStreetBets moderator-linked bot user zjz.eth converted part of the WSB Coin supply intended for the team into ETH in a Uniswap pool over several hours, triggering a price drop.<\/p>\n","protected":false},"author":1,"featured_media":78269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1246,596],"class_list":["post-78268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-scammers","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78268"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78268\/revisions"}],"predecessor-version":[{"id":78270,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78268\/revisions\/78270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78269"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}