The winner of the X Creators Contest, known as @beaverd, is under scrutiny for allegedly orchestrating a Memecoin scam that defrauded investors of approximately $600,000. According to Bubblemaps, @beaverd's wallet was linked to the launch of the $SIAS token, which saw its market value briefly rise to $6 million before plummeting to zero. Following the collapse, @beaverd deleted all social media posts.
Further investigations revealed that @beaverd allegedly used multiple wallets to repeatedly launch and cash out from various Memecoin projects. This revelation has raised concerns about the integrity of the X Creators Contest and the due diligence processes involved in awarding the $1 million prize.
X Creators Contest Winner Accused of $600,000 Memecoin Scam
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