The biggest cryptocurrency scam of the year was exposed, did the Vietnamese make $30 million?

Original author: 0xkevin, crypto KOL

Editor's note: On March 18 this year, dexter, the founder of Whales Market, announced the pre-sale of its AI project tokens on Solana, raising 155,364 SOL (about 32 million US dollars) in just half an hour, exceeding the pre-sale hard cap of 30 million US dollars. But dexter deposited the pre-sale funds into Binance the day after the pre-sale was completed. After several months, on August 14, gm.ai officially announced the launch of GM tokens. However, after such a long interval, the pre-sale participants were waiting for a 100% loss as soon as they went online. The participants were ripped off, which can be called the biggest scam of the year in the cryptocurrency circle. Crypto KOL 0xkevin exposed the initiator of this scam on X, and BlockBeats reprinted the full text as follows:

Subverting three views, I bet you must know the man holding the beauty in the photo.

Yes, he is the Vietnamese who threw an address to raise 150,000 SOL, and half of the currency circle was harvested by this Vietnamese @dexter_cap@gm_dot_ai

At the age of 30, he completely turned around by relying on the meme pre-sale craze set off by $bome, harvesting 30 million US dollars and getting the beauty home.

Real name: Hung Dinh, let's see how he manipulated this scam.

1/

In March of this year, $bome started the first Solana meme pre-sale craze. The project owner, celebrities, and KOLs posted an address on Twitter to raise funds. Retail investors directly transferred money to the address. After the pre-sale, tokens were distributed according to the amount.

Adhering to the hair model of no VC, no airdrop, no TGE, and no white orders, it swept the entire currency circle for a while. But there is no third-party supervision, no custody, and the money is directly in the pocket. Who can resist the temptation of such money?

@dexter_cap is no exception. In March, 150,000 SOL were raised, and all were transferred to Binance after the pre-sale, which is almost equivalent to Rug.

Let’s take a look at how it was pre-sold in March and then launched in August.

2/Let’s review the timeline

· On March 18, Dexter announced the pre-sale of GM and raised about 30 million US dollars in 30 minutes

· On March 19, Dexter transferred funds to Binance and converted part of the funds into stablecoins

· On March 23, Dexter announced the opening of Gmai’s pre-listing trading within a week, but it was not opened as scheduled, but delayed for 3 months

· On June 17, Dexter said that Gmai was ready for listing, but because a lot of things happened, they postponed the listing

· On July 29, Dexter finally announced the launch date and said that "CEX/DEX will be announced this week

Whether it is Brother Whale or the AI products he developed, they are all anonymous.

There is a cycle of fate, @dexter_cap's personal information was still exposed, and he is currently on vacation in Paris with his girlfriend. I guess it was his girlfriend who posted the photo on IG and other platforms.

Meme Although it is good, it is difficult to resist the temptation of money without supervision. Be careful when participating in pre-sales next time!

By the way, @theparallel_com I heard that this is Brother Whale's new project.

Full Profile

@dextercap, full name Hung_Dinh, studied International Business Economics at the University of Foreign Trade in Hanoi, Vietnam. A well-known Vietnamese entrepreneur and founder of several web design and development companies.
Projects Involved:

· @dexter_cap

· One of the founders of @rada_network and a full consultant for Rada investment projects
· and @theparallel_com@DeFi_Horse@Orbitauofficial

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