Cryptocurrency [loss] $30,000

"This Child Made $30K Rugging a Solana Meme Coin—Then Crypto Degens Got Revenge"

2024-11-20 [vendor] QUANT [chain] solana
Primary Source ↗
Financial Loss $30,000 (30,000 USD)
Blockchain(s) Solana

Incident Details

A 13-year-old known as the “Gen Z Quant kid,” created a token called QUANT and executed a rug pull, making $30,000. In retaliation, various people in the cryptocurrency world executed a “revenge pump” — pumping up the price of the token after the kid cashed out, causing him to miss out on potential gains. Worse, they then found the child’s identity, and published his address and the school he attended. They also identified his mother, and began leaving hateful comments on her Instagram account. Rumors also emerged that a member of the cryptocurrency community dognapped the child’s dog, then launched a memecoin based on the animal.

Total loss estimated at $30,000.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
QUANT

Timeline

  1. 2024-11-20 Breach occurred
  2. 2024-11-20 Publicly disclosed