Nastya
@nastya
The âNumbers Go Upâ game or intentional fraud? A story about fake devs, forgotten projects launched with @clanker, @proxystudio.eth and how someone may be making thousands of dollars monthly on Farcaster using fake accounts
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Nastya
@nastya
1/ $DANKR A week ago, I spotted a new token launch on FC by Clanker. It caught my attention because smart traders that @reachbot follows started buying it. But within minutes of checking, I knew something was off: - The dev account (@bluechipstocks on FC) had just started posting 10 days ago. - No links to any other platform. - No follows from reputable Farcaster users (1K+ followers looked fake) - A one-page website with vague promises For me, it was obvious launch by fake account. I thought it would be exposed quickly.
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Nastya
@nastya
1.1/ The next day, to my surprise, the token was still alive, and the project name was tweeted by Proxystudio Users on X were more vigilant: They spotted the âdevâ account posting fake coffee shop photos, and pointed it out to Proxy. Proxy's reply was - âmaybe itâs just identity concealing posts, no need to call it a scam.â To justify my initial suspicious, Iâve started digging more.
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Nastya
@nastya
2/ The network The wallet data showed that @bluechipstocks was linked to several copyâcat âdevâ accounts: 1) @payout⯠($FARCORE) 2) @marketbuyerâŻâŻ($PIXL) 3) @downtrendâŻ($FROG) 4) @alirezakhâŻ($CLANKSTER and $JACKPOT) The first three followed the same playbook: - Bought a Farcaster account with thousands of followers. - Pretended to be a dev and posted for a few days. - Launched a token (DecâŻ2024), pumped trading, hinted that âsomething big is comingâ then disappeared. - Walked away with a few thousand dollars in fees. But one account stands out: @alirezakh He launched two projects, gained influential followers on both X and Farcaster, and can be directly linked to all the accounts and tokens in this list above â multiply times as the first funder of the wallets.
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Nastya
@nastya
3/ @alirezakh A serial âbuilderâ and the most âdoxedâ account in this group, who even followed by Jesse Pollak on X. Before Dec 2024, alirezakh was just another degen account posting GMs on Farcaster. In December, they tried to launch a Clanker token tied to a project that didnât exist, but it didnât pump. Then in Jan 2025: launched CLANKSTER and few days later it was boosted by Proxystudio everywhere. Market cap peaked at ~$1M. What was $CLANKSTER? A token claiming to âback new projectsâ and distribute their tokens as airdrops to CLANKSTER holders. How it actually went: - 1st and only backed project: JACKPOT, made by⌠alirezakh - Airdrop 1: ~100 addresses received ~$4 in Clankster tokens - Airdrop 2: ~30 addresses received ~$0.50 worth of $JACKPOT To be fair, they actually did two airdrops as promised. Was it worth all the direct support and fees they collected as being traded as one the top of Clanker tokens at that time? Not sure.
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OMGiDRAWEDit đŚ
@omgidrawedit
Damn nastya u the sleuth of wc!?
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Nastya
@nastya
kinda, but the bar seems very low ahaha
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