Key Takeaways:
- Bald crypto developers allegedly rug-pulled buyers of the token.
- Crypto X users believe that FTX founder Sam Bankman-Fried was part of the project.
NEW DELHI (CoinChapter.com) — In a new twist to the Bald coin rug pull saga, several users claimed that the Bald developer was SBF or Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX.
The bald token has been in the news after rising over four million% before the token’s developer pulled liquidity from the market. Bald crypto token started trading on LeetSwap on June 29 for 0.000002 ETH.
However, the Brian Armstrong-themed memecoin rallied 4.34 million percent within fifteen hours to trade at 0.0867 ETH on July 30. Crypto investor, Axel Bitblaze, had earlier posted a thread on X, alleging possible insider trading by Coinbase in the BALD scam.
Bitblaze noted that the token’s deployment was suspicious since an influential whale with a significant holding of cbETH (Coinbase’s version of staked ETH) introduced the coin.
However, a new controversy has now racked the token, with speculations of SBF’s alleged involvement in the Bald scam.
Is There Any Relation Between SBF And Bald Developers?
The crypto community on X feels so.
A crypto investor with the X handle @hype_eth did a language analysis of the tweets from Bald developer and Bankman-Fried.
For instance, hype noted that one proof of a relation between SBF and the Bald developer was using “correct” as a single-word response.
Furthermore, the post highlighted that certain other words, for instance, using the conjunction “nor” repeatedly, was another indicator of SBF playing a key role in the BALD coin rug pull scam. Twitter users also pointed out that SBF’s language style matched Chef Nomi’s creator, another scam project.
Additionally, another Twitter user highlighted how an account shilling the BALD coin earlier used to be the official handle of Project Serum, another of Bankman-Fried’s brainchild.
Has Alameda Rugged Everyone With Bald Crypto Token?
Meanwhile, users pointed out evidence of a relationship between SBF and the Bald developer team in the funding Bald received.
A user noted that the Bald deployer received funds of 7,000 ETH from an FTX address nearly 14 months back. An X-based on-chain analysis handle noted that the Bald scam deployer might be SBF, an FTX, or an Alameda Research executive.
Moreover, over 25 months back, an address associated with Alameda Research did transactions worth nearly 4 million USDT with a Bald coin-related address.
In addition, an account that gained fame for converting a $500 investment into $2 million was allegedly a “serial promoter” of Solana rugs.
Interestingly, an X user suggested another version of events in which a consultancy orchestrated the Bald rug pull scam. The user speculated the Bald scam was designed to give SEC chairman Gary Gensler “some ammo against Coinbase.“
Blockworks analyst Andrew T also highlighted that Bald deployer addresses have interacted with Andrew Keys and Alameda Resea addressesrch.
