A token created by popular Dogecoin DOGE/USD influencer Matt Wallace lost 99.9% of its value minutes after being launched.
What Happened: On Tuesday, Wallace and fellow YouTuber Myles G launched AcceptCrypto ACEPT/USD, which saw its value plummet to zero after seeing a 12,000% surge.
And he had the audacity to tweet this lol pic.twitter.com/VOipaYKBEq
— zachxbt (@zachxbt) March 30, 2022
The token’s investors were in disarray amid influencers posting on social media that the project’s insiders had likely orchestrated an exit scam — essentially removing all liquidity by cashing out and dumping on new investors.
600k usd
— Shibetoshi Nakamoto (@BillyM2k) March 30, 2022
Users estimated that the token’s creators made off with as much as 200 Ethereum ETH/USD, worth $600,000 at the time.
Wallace denied all accusations that he was behind the pump and dump scheme. In a statement posted to Twitter Inc TWTR, the Dogecoin influencer said he was “not entirely sure what happened” and he was “doing everything in his power” to find a solution.
— Matt Wallace (@MattWallace888) March 30, 2022
Wallace, instead, pointed his finger at token’s developers and auditors at Solidity Finance.
I don’t think they intentionally did it but the issue with the contract was from a team member with Solidiity Finance because no changes were.
Doing everything in my power to figure this out and find a solution and it is very bad that happened.
— Matt…
