Scam concerns for VAPOR investors as it is tied to JKDAO

On-chain sleuth ZachXBT has warned investors of VAPOR that the project is directly affiliated with JKDAO, who has been previously accused of executing rug pull scams on two projects.

According to a tweet by ZachXBT on April 20, the VAPOR deployer transferred 3.8% of its supply to JKDAO’s public address, with 22.8 ETH (about $44k) being sold. This was quickly followed with 1.1b tokens being dumped for 5.6 ETH (about $11k).

Warning for the people who bought @thevaporware (VAPOR) as it is directly tied to the scammer JKDAO who rugged two previous projects.

His public address immediately received 3.8% of VAPOR supply from the deployer & $44k (22.8 ETH) has been sold so far with 1.7b VAPOR remaining. pic.twitter.com/Rxcxn8KHP1

— ZachXBT (@zachxbt) April 20, 2023

VAPOR, JKDAO deletes Twitter

VAPOR deleted its Twitter account soon after this, calling ZachXBT a bully for spreading lies and rumors about them. JKDAO’s Twitter account has also since been deleted.

Many Twitter users have jumped in to comment on the fiasco, with some lamenting that the rugging has already occurred.

I got rugged that’s Forsure lol f

— Tradeboi Carti (@tradeboicarti16) April 20, 2023

They rugged already.

Probably as soon as you posted this.

Twitter gone

Mc back to baseline

— 21M (@TheCryptoIQ) April 20, 2023

Users like the Coin Guru have questioned the sensibility of investing in such a project without proper due diligence.

Incredible that devs for all these projects continue to use recycled and doxxed wallets

Yet people can’t spend 4 minutes looking at the deployer address and figure it out

— 💐Guru 💐 (@CoinGurruu) April 20, 2023

You might also like: SyncDex.Finance accused of rug pulling investors

Crypto scams on the rise

The recent expose comes after ZackXBT called out JKDAO for rugging his previous project, JK DAO, in 2022. JK followed a similar pattern stating that they were false allegations and deleted the project’s Twitter account. He also blocked anyone who replied to Zack’s tweet.

Zack also recently accused American rapper, Soulja Boy, on April 19 of making numerous promotions and dropping NFTs that are scams.

SyncDex.Finance has also been accused of rugging investors in April, making off with about 200 ETH (approximately $390k).

Blockchain security and analytics platform, Certik Alert, reported in March that Harvey Keeper’s AI DeFi platform project was a rug pull scam.

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