Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Niloy Chakrabarti

SEC's Efforts To Curb Celebrity Crypto Meme Coins Rug Pulls Could Fade Under Trump

Trump's policies could undermine SEC's efforts to curb crypto-related fraud. (Credit: AFP News)

Crypto investigators like Nicolas Vaiman have made significant progress in unravelling scams linked to crypto meme coins, especially those launched by celebrities and influencers. Vaiman was scammed in 2022 in a meme coin rug pull, which led him to develop software to track coins passing through crypto wallets.

Vaiman's investigation into meme coins launched by Caitlyn Jenner, Rich The Kid, and Soulja Boy revealed that the same crypto wallet was being used for the token releases. The coins plummeted in value soon after launch, leading to massive investor losses.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.