Account X named Satoshi made a profit: Big scam!

An X account opened in the name of Satoshi Nakamoto made a profit by sharing a shitcoin called SATS, which was launched on the Solana network.

The other day there was an interesting moment in the cryptocurrency market. An X account created with the username Satoshi tweeted about the SATS being released on the Solana network. Crypto investors bought the SATS mentioned in the post because they thought the account might be associated with Satoshi.

However, soon after, a rug pull was carried out in SATS with sales that were presumed to have come from founding wallets. The cryptocurrency shared by the Satoshi account fell to $0.0053 in a short time after rising to $0.085.

## Satoshi Nakamoto’s image was fraudulent

An account created on platform X with the username Satoshi became popular with the thought that it could be associated with Satoshi Nakamoto. The account quickly amassed 138k followers. However, this account made a sensational event the other day.

An X account named Satoshi shared the smart contract address of a shitcoin launched on the Solana network. Shitcoin, as SATS, was launched on the Solana network on January 22 at 00:00. It is speculated that the owner of the Satoshi account launched this shitcoin.

Crypto investors flocked to SATS with the sharing from the Satoshi account. SATS has achieved $5 million in volume in the last 10 hours. Things did not go as expected in shitcoin, which signed a big data. Shitcoin soon began to experience a sharp drop in price. Traders who excitedly bought the shitcoin created on the decentralized exchange were exposed to a 96% drop in a short period of time.

An X account named Satoshi, which used the image of Satoshi Nakamoto, deleted its post after the rug pull that took place on SATS.

Crypto investors think that the account named Satoshi was hacked and made this post. On platform X, a user claimed that the person or people who hacked the Satoshi account made $40,000.

The hacker of the @satoshi X Account made some good bread today $sats 😂🧐 pic.twitter.com/6gA60VvpFQ

— KryptoJugend (@KryptoJugend) January 21, 2024

According to the investigations, the Satoshi account launched a cryptocurrency called SATS on the Solana network. At the beginning, the shitcoin, which had very little liquidity (assets in the pool), rose with incoming purchases. SATS’s liquidity rose to $600,000. Many crypto investors thought they had caught a new trend. However, soon after, SATS’s liquidity was drained and the shitcoin was profiteered from.

The sales made and the earnings made are not clearly known. However, it is estimated that the person or people who mined the shitcoin earned at least $100,000.