DEFISCAMS

Developer token pre-sale accused of pocketing 900,000 euros and mocking investors in a post, Zach: Have evidence, welcome victims to sue

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Developer token pre-sale accused of pocketing 900,000 euros and mocking investors in a post, Zach: Have evidence, welcome victims to sue

As the meme coin craze gradually comes to an end, speculators' funds are frequently shifting between various chains, leading to numerous scams. Online detective Zach discovered that a French developer embezzled $900,000 from a recent $TICKER presale and used the funds to purchase other meme coins and Milady NFTs.

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Zach Reveals Meme Coin Presale Theft Incident

Zach's tweet last night pointed out that an online developer named Jolan Lacroix followed the recent craze of meme coin presales, participated in token issuance, and used it as an opportunity to steal funds.

It is reported that an anonymous team announced the presale information of the project token $TICKER through the Party App on the Base chain, and raised 877 ETH, approximately $3.19 million.

The token distribution is as follows:

  • Presale and Airdrop: 71%
  • Liquidity Pool LP: 24%
  • Early Contributors: 1%
  • Reserve Funds: 4%

Internal Members Embezzle Part of the Tokens

However, shortly after the token was listed, the team announced that the token was intentionally dumped, with the main culprit being Jolan, an internal member of the team responsible for airdrops.

$TICKER Token Price Trend

Investigations revealed that Jolan did not distribute the airdrop as claimed, but instead transferred 15% of the token supply to his own wallet and sold 13% of the supply for approximately $900,000.

Subsequently, Zach obtained screenshots of conversations between Jolan and other team members, publicly revealing his account on Warpcast and X, where Jolan calmly stated:

This is unreasonable, I haven't stolen anything, I'm just drawing on the price chart.

Jolan: Do You Believe Sending Money to Others Can Make You Rich?

Later on, Jolan used Orbiter Finance to frequently launder the stolen ETH between Base, Solana, and Ethereum, and spent 46 ETH, approximately $161,000, to purchase Milady NFT and other meme coins.

At the same time, he responded to various accusations in a tweet stating:

To be honest, I'm not sorry for you. You say you lost half of your assets? That's because you initially put that money in someone else's hands, not because I took it.

He added, "If you believe that simply sending money to this address can make you rich, you might as well donate to those in society who need help."

Clearly, the content alone is enough to prove his theft.

Zach: Jolan's Identity Confirmed

However, Zach had already obtained basic information about Jolan's real-life identity, including location in France, full name, and other relevant information, through the phone number associated with his Telegram account:

If victims are willing to report to the law enforcement in that country, I will provide this information.

However, the author believes that although Jolan's actions are indeed illegal, perhaps people should take responsibility for their assets and carefully evaluate any investment initiatives.

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