alt Hacker NewsGetting sucked into a crypto scam and then deciding to get out, despite the death threats(!)[1] is not a rug pull.
To be clear, the BAGS scam coin he got sucked into is a extractive zero-sum game where someone else creates a coin named after him, offers him trading commission to talk about it and then makes money off the hype.
He did the correct thing by leaving.
(I worked for a bit at a Web3 place. Went in with an open mind and now have opinions)
Replies
yeah its kind of sad, because people have to then re-evaluate others they heard about who they also didn't believe the apologies of at the time
like the Hawk Tuah girl, or the Enron relaunch long form comedy routine that wound up with a short lived crypto token, and pretty much anyone with 15 minutes of fame or celebrities that drop a contract address
for the most part, they themselves actually are the victims of a roving band of deployers running the crypto launch convincing them they're part of something, and of course, the consumers have the choice of never getting involved
but the deployers are the ones that should face some form of accountability, or at least the public eye
> someone else creates a coin named after him, offers him trading commission to talk about it and then makes money off the hype
And we are supposed to believe that someone deep in tech, in 2026, did not know this was going to be the end goal? Was $GAS supposed to be a crypto to help fund poor farmers in Burundi or something ? How else is the meme coin #16352813 supposed to end? That’s the entire point of meme coins.
Would love to also « get sucked » into making 300k$.