{"id":582074,"date":"2023-05-04T21:02:49","date_gmt":"2023-05-04T20:02:49","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582074"},"modified":"2023-05-04T21:02:57","modified_gmt":"2023-05-04T20:02:57","slug":"wsb-up-155-wallstreetbets-return-funds","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/wsb-up-155-wallstreetbets-return-funds\/","title":{"rendered":"$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds"},"content":{"rendered":"\n<ul><li>A WallStreetBets\u2019 insider who rugged WSB Coin has returned the funds he took from the project.&nbsp;<\/li><li>$WSB lost more than 90% earlier today after insiders dumped more than half a million dollars worth of the memecoin.&nbsp;<\/li><li>The insider responsible for the rug pull has since made contact with the WallStreetBets team to make WSB investors whole.&nbsp;<\/li><li>$WSB gained more than 150% after the insider agreed to return the funds.&nbsp;<\/li><\/ul>\n\n\n\n<p>The WallStreetBets insider accused of pulling the rug from under WSB Coin investors has returned the funds he took from the <a href=\"https:\/\/en.ethereumworldnews.com\/doge-up-6-twitter-crypto-trading-etoro\/\">memecoin<\/a> project. In a rather interesting turn of events, WSB Coin\u2019s zjz.eth who was accused of rugging the project, took to <a href=\"https:\/\/twitter.com\/zjzWSB\/status\/1654089362563366915\" rel=\"nofollow noopener\">Twitter<\/a> earlier today to defend his actions and instead accuse WallStreetBets\u2019 Twitter operator WSBMod of gaining undue profits through secret airdrops of the memecoin. Following hours of back and forth, the stolen funds were returned to the project, leading to a 155% hike in WSB Coin\u2019s price.\u00a0<\/p>\n\n\n\n<h2><strong>WallStreetBets Insider Returns 332 ETH To WSB Coin<\/strong><\/h2>\n\n\n\n<p>The controversy started earlier today after the recently launched WSB Coin lost more than 90% of its value. Popular On-chain sleuth ZachXBT <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1653937194388664322\" rel=\"nofollow noopener\">revealed<\/a> that a member of WallStreetBets (zjz.eth) had dumped more than $600,000 worth of WSB from the project\u2019s marketing funds that he was holding for safekeeping. The insider then proceeded to collude with the moderator of the WallStreetBets subreddit (OIP), to drain the project\u2019s multi-sig treasury.&nbsp;<\/p>\n\n\n\n<p>WSBMod called out the project\u2019s insiders on Twitter and demanded they get in touch to facilitate the return of the stolen funds. The moderator shared the identities of both insiders on Twitter and threatened to contact the FBI over their rug pull. zjz.eth soon took to Twitter to reveal that he was seeking a return mechanism for the eth he had taken. He further accused WSBMod of draining WSB Coin through secret airdrops of over $25,000. He alleged that the memecoin was designed to enrich the moderator. However, he was called out by the community for dumping the stolen WSBs and netting over half a million dollars in the process.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">hey <a href=\"https:\/\/twitter.com\/zjzWSB?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@zjzWSB<\/a> and <a href=\"https:\/\/twitter.com\/is_unpopular?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@is_unpopular<\/a> a 2\/3 multisig has been set up with <a href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@zachxbt<\/a> and <a href=\"https:\/\/twitter.com\/Loopifyyy?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Loopifyyy<\/a> as signers so i would have no unilateral control.<br><br>0xfD2b2bae7d5A7b2114Dd9B5AeEBcB4181940A944<a href=\"https:\/\/t.co\/F5cSBkBCMj\" rel=\"nofollow\">https:\/\/t.co\/F5cSBkBCMj<\/a><br><br>please return the funds <a href=\"https:\/\/t.co\/l7cAcjkbnr\" rel=\"nofollow\">pic.twitter.com\/l7cAcjkbnr<\/a><\/p>&mdash; WSBMod (@wsbmod) <a href=\"https:\/\/twitter.com\/wsbmod\/status\/1654158846837891073?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 4, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>WSBMod proceeded to set up a 2\/3 <a href=\"https:\/\/twitter.com\/wsbmod\/status\/1654158846837891073\" rel=\"nofollow noopener\">multi-sig<\/a> with on-chain sleuth ZachXBT as one of the signers. On-chain data from <a href=\"https:\/\/etherscan.io\/address\/0x0ae042d2e5826bfbde038163366f2ae372fe7894\" rel=\"nofollow noopener\">Etherscan<\/a> shows that zjz.eth has since returned over 4 billion WSB and 332 ETH, which are worth a total of more than $1 million as per the current price of the crypto assets. Following the return of the funds, WSB Coin surged by more than 155%, reaching as high as $0.00022.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The WallStreetBets insider accused of rugging the recently launched $WSB Coin has returned the stolen funds to the memecoin project. WSB surged by 155% following the return of funds. <\/p>\n","protected":false},"author":62,"featured_media":582076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,826,947,2,828],"tags":[108743,108757,108404,108229,108924,108925],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582074"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582074"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582074\/revisions"}],"predecessor-version":[{"id":582078,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582074\/revisions\/582078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582076"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}