Attention: A Known Scammer Has Reportedly Launched a New Altcoin! Here's That Token to Stay Away From

According to blockchain analytics firm Bubblemaps, Hayden Davis, the head of the LIBRA project and a fugitive wanted by Interpol, has launched a new cryptocurrency called WOLF.

This announcement comes just days after rumors spread that Jordan Belfort, known as the "Wolf of Wall Street (Wolf of Wall Street)," was also preparing to issue a token of the same name.

Bubblemaps researched the origins of WOLF in collaboration with researcher YouTuber Coffeezilla and found striking similarities to HOOD, another token previously launched by Davis. The firm's analysis shows that the designer of the WOLF token is directly linked to Davis' known addresses.

On March 8, the well-known online community WallStreetBets introduced a WOLF token that quickly gained traction in the market. Bubblemaps has identified the following key events:

• WOLF's developer bought the token before other investors using multiple wallets.
• The token's market cap skyrocketed to $40 million before an alleged rugpull scam.
• 82% of WOLF's supply was controlled in a packaged structure, raising red flags about its legitimacy.
• The WOLF founder, identified by the address 6MsuHd, was connected via 17 intermediary addresses and 5 cross-chain transfers.
• All transfers were ultimately routed to a single address called OxcEAe, which was previously attributed to Hayden Davis.

Transactions show that Davis moved funds months before the launches of LIBRA and WOLF, presumably in an attempt to conceal his involvement. Bubblemaps speculates that Davis may have thought his activities would go unnoticed due to the complexity of fund transfers.