TICKER Token Project Accused of $1 Million French Scam

The TICKER token project faces allegations of a crypto scam involving French developer Jolan Lacroix, who allegedly stole nearly $1 million from the presale event. After raising 877 ETH ($3.19M) during the presale, Lacroix reportedly sold 13% of the token's supply for $900,000 and laundered the proceeds through various bridges. Despite accusations, Lacroix allegedly taunted the victims on Twitter, claiming he controlled the stolen funds and was "not sorry."

Did the TICKER Token Project Fall Victim to a French Scammer?

The TICKER token project has hit a snag, with allegations swirling around a French developer accused of pilfering nearly $1 million from its presale event.

The Presale Promise

On March 16, the TICKER team launched a presale, boasting a comprehensive token distribution plan. They earmarked 71% for presale/airdrops, 24% for liquidity pools, 4% for potential errors, and 1% for early contributors.

The Plot Thickens

After the Token Generation Event (TGE) and presale concluded, things took a sinister turn. According to blockchain sleuth ZachXBT, the TICKER team transferred 15% of the token supply to Jolan Lacroix, the developer tasked with managing the airdrop.

"Rugging Everyone"

Lacroix allegedly betrayed the team's trust, reportedly selling 13% of the token supply for $900,000. ZachXBT accuses him of "rugging everyone" who supported the project.

Laundering the Loot

To conceal his tracks, Lacroix allegedly laundered the proceeds through a complex series of transactions, bridging the funds from Base to Ethereum via Orbiter Finance, and then to Solana via Mayan Swap & Allbridge.

Taunting the Victims

Instead of lying low, Lacroix audaciously taunted his victims on Twitter, confirming his control over the stolen funds and expressing no remorse. However, he later deactivated his account.

NFT Collector and Memecoin Trader

ZachXBT reveals that Lacroix has since transformed into an NFT collector and memecoin trader, using the stolen funds to purchase NFTs and speculate on memecoins.

Calling for Action

ZachXBT urges victims to file reports with law enforcement and offers to share Lacroix's personal details via direct message.

Similar Scams: Humanized AI and MEXC

This incident echoes other recent crypto scams, including the alleged exit scam by Humanized AI and the ongoing controversy surrounding MEXC in Hong Kong.