• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

Types, Use Cases and Why They Matter

2025-05-24

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Market Cap
  • Shop
Crypto Semantic
Home»Scams»Known scammer linked to memecoin named after Musk’s Grok chatbot, token dumps
Known scammer linked to memecoin named after Musk’s Grok chatbot, token dumps
Scams

Known scammer linked to memecoin named after Musk’s Grok chatbot, token dumps

2023-11-14No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

GROK, a suspicious AI chatbot-inspired memecoin, has seen its worth plummet by greater than 50% after experiences emerged that its developer was linked to a previous crypto rip-off.

The memecoin is called after Elon Musk’s Grok xAI chatbot service, which was launched earlier within the month. The brand for the token, in accordance with CoinMarketCap, seems to be questioningly like the brand new X emblem. Nevertheless, that’s the place the similarity ends, because the token is fully unrelated to the Musk-led firm.

Final week, CryptoSlate reported that Musk stated none of his firms, together with xAI, Tesla, and social media platform X, would ever challenge a cryptocurrency token.

ZachXBT reveals GROK developer’s shady previous.

On-chain sleuth ZachXBT revealed that GROK’s developer is a scammer who has reused the precise X/Twitter account of the venture for at the very least one different rip-off. He stated:

“Not that individuals on this house will care however @GROKERC20 $GROK was created by a scammer. Identical actual X/Twitter account has been reused for at the very least one different rip-off.”

Screenshots shared by ZachXBT displayed the developer’s earlier issuance of an ANDY token, which not exists, and highlighted a number of adjustments within the developer’s Telegram deal with.

After ZachXBT’s disclosure, the token skilled a considerable drop in worth amid a big improve in its buying and selling volumes, in accordance with knowledge from Coingecko.

For context, crypto analyst Lookonchain reported that an handle offered 27.32 million GROK for 212 ETH two hours earlier than ZachXBT made his reveal. Shortly afterward, the identical handle purchased again 16.3 million GROK at a diminished worth of 80 ETH, valued at $164,000.

See also  Aave begins first phase of token recovery rescue mission

The venture has since tried to regain public belief, with the developer burning 180 million tokens price greater than $2 million. “$GROK will proceed ahead as a 100% community-owned venture. No tokens are held within the deployer pockets anymore,” in accordance with a publish on its official X deal with.

In the meantime, this incident highlights the ways of malicious actors who goal compelling narratives to draw consideration inside the crypto neighborhood. Crypto merchants ought to prioritize thorough analysis right into a venture earlier than investing.



Source link

chatbot Dumps Grok linked Memecoin Musks Named scammer Token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18

Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud

2025-05-17

How an insider-led breach sparked a costly scam at Coinbase

2025-05-15
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Get started with cloud mining with QubitHashes

2023-02-08

In 2022, the Bitcoin community consumed 0.5% of the world’s electrical energy – greater than…

NFT

Why Yuga Lab’s Embrace of Bitcoin NFTs Is a Big Deal

2023-03-07

NFT It couldn’t be a extra attention-grabbing time in Bitcoin. Yuga Labs, the $4 billion…

NFT

Casino capitalism at NFT.NYC, plus, are NFTs really dead? #hearsay

2024-04-07

From Magic Eden’s degen yacht social gathering to Forbes’ multichain mixer, NFT.NYC supplied a spectacle…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

MoonPay and Base Announce Partnership to Expand Web3 Payment Infrastructure |

2024-04-09

How not to regulate DeFi 101

2023-07-24

Bitcoin: Will rising global tensions affect BTC adversely?

2023-10-11

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$107,609.000.15%
  • ethereumEthereum(ETH)$2,506.36-0.77%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.320.56%
  • binancecoinBNB(BNB)$665.310.75%
  • solanaSolana(SOL)$174.200.11%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 107,996.94
ethereum
Ethereum (ETH) $ 2,534.44
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.33
bnb
BNB (BNB) $ 667.52
solana
Solana (SOL) $ 176.23
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.225559
cardano
Cardano (ADA) $ 0.747808
tron
TRON (TRX) $ 0.270561