Crypto Beast’s Bitter Harvest 💸

by

Ah, the digital fields… always ripe for harvesting, aren’t they? Crypto investigator ZachXBT, a sort of modern-day Sherlock Holmes with a penchant for blockchain, has unearthed a rather… unpleasant truth about a certain “Crypto Beast.” It seems our Beast was not so much nurturing a flourishing ecosystem as orchestrating a rather dramatic implosion of the ALT token – a spectacle resulting in a loss of over $187 million. Minutes, you understand. Mere minutes. One wonders if he even paused for a cup of tea.

On July 14th, the ALT, once perched at a respectable $0.19, plummeted to a dismal $0.003. A market capitalization vanishing from $190 million to a meager $3 million. The air, one imagines, was thick with the scent of dashed hopes and broken dreams. 📉

Another Pump-and-Dump Captures Attention (or, the Inevitable)

ZachXBT’s meticulous, on-chain excavations – a truly modern form of archaeology – revealed that 45 wallets, all mysteriously linked to our Crypto Beast, collectively relieved themselves of over $11 million in ALT during the, shall we say, event. It’s a bit like watching a magician pull rabbits from a hat, only instead of rabbits, it’s money disappearing into…well, who knows where. Perhaps a private island? 🏝️

These wallets, it turns out, had been generously funded through instant exchange services. A curious detail, wouldn’t you agree? And ultimately traced back to a single, telling Celestia address…belonging to none other than Crypto Beast himself. Such neatness. Such order. One almost admires the…precision.

9/ If you use X search you can clearly see it’s not the first time Crypto Beast has done this, as many old followers got rekt on other bundled rugs $ALPHA $RICH $YE $RUG $ACE $JOHN

— ZachXBT (@zachxbt) July 22, 2025

The influencer, with a flourish, had been singing ALT’s praises on X and Telegram. Thousands of unsuspecting retail investors, drawn in by the siren song of potential riches, eagerly followed his lead. These posts? Vanished, of course. Like smoke in the wind. A convenient disappearing act. 💨

But the blockchain, you see, is a most unforgiving witness. It remembers.

ZachXBT deftly connected Crypto Beast’s own, publicly shared wallet – a detail the influencer later wished he’d kept to himself – to that same Celestia address. A direct line, as it were, to the source of the funds used to…liberate the ALT from its holders. He financed the exodus! The audacity!

Naturally, when confronted with this rather damning evidence, Crypto Beast feigned innocence. He blamed… “snipers.” Anonymous, shadowy figures lurking in the digital undergrowth. A classic deflection. One almost feels sorry for him. Almost. 🤭

ZachXBT, however, wasn’t buying it. While acknowledging the presence of a small sniper cluster – who managed to offload a mere $2.6 million – he confirmed that the lion’s share of the damage, a substantial $11 million, originated from wallets directly linked to our beleaguered influencer.

And the story doesn’t end there. Additional wallets, still under Crypto Beast’s influence, continue to hoard over 89 million ALT tokens – a full 10% of the total supply. A potential for further… “adjustments,” shall we say? One shudders to think.

ALT Token is Just the Tip of the Iceberg (a Rather Chilly Iceberg)

The ALT token, lest we forget, isn’t just some whimsical meme coin. It’s the governance and utility token of AltLayer, a modular rollup project launched with a fanfare of trumpets via Binance Launchpool in January 2024. Airdrops, Binance support…all quite legitimate, in theory. But even the most well-intentioned projects can be sullied by… questionable characters.

The initial distribution involved an airdrop to over 40,000 wallets and a market debut bolstered by Binance. A promising start, tragically overshadowed by… well, you know.

The crash has understandably shaken confidence in ALT and sparked renewed criticism of the influencer-driven circus that often permeates the crypto world. A spectacle of hype and speculation, often divorced from any tangible value. A tragedy in three acts, really.

And Crypto Beast? He has a history, it seems. ZachXBT helpfully reminded us of his previous escapades with ALPHA, RICH, YE, RUG, ACE, and JOHN. A veritable rogues’ gallery of collapsed tokens. A pattern emerging, wouldn’t you say? 🧐

Meet CryptoBeast, the biggest scammer in crypto Twitter

He rugged $ALPHA and scammed 640K of his fans for $20M

I spent 15h exposing his scam scheme and was shocked

Here’s how CryptoBeast with Crypto .com robbed you

— Skynet Insights (@Skynet_insights) February 8, 2025

After a brief period of digital exile (deactivating his account, naturally), Crypto Beast has returned to X, showering his followers with giveaways. A cynical ploy to attract new sheep to the fold, ZachXBT warns. A prelude, perhaps, to another grand performance? 🎭

This whole affair underscores the inherent risks of blindly following unverified individuals and the increasing importance of on-chain analysis in exposing deceit. It’s a cautionary tale, really. A digital morality play.

As for the authorities…silence. For now. Whether regulatory action will follow remains to be seen. In the meantime, investors are advised to exercise caution, to verify tokenomics, to assess liquidity, and to scrutinize wallet behavior. And perhaps, just perhaps, to remember that if something seems too good to be true… it probably is.

Read More

2025-07-22 18:57