The individual or group behind 9 days of Grand Theft Auto VI gameplay leaks cashed out of the $CYBERLEEK memecoin on Thursday, hours earlier than Rockstar’s Extended Look premiered on Netflix, according to on-chain data reported by CoinDesk. The pockets that created the Solana token claimed roughly $146,000 in wrapped SOL plus 15.4 million tokens in gathered creator charges, then offered the entire allocation for about $125,000 in SOL in a single transaction, with GTAForums consumer ViceCit — who has been documenting the debacle — placing the entire exit close to $250,000 throughout 4 transactions.
The token, which “Cyberleek” watermarked onto each leaked clip, subsequent to a QR code and a promise {that a} increased market cap would purchase extra leaks, peaked at round $0.0344 on August 23, per knowledge cited by CoinDesk. It now trades close to $0.002725 and is constant to fall.
“Cyberleek” minted $CYBERLEEK on Solana round August 15, just some days earlier than the primary gameplay clip appeared on-line, and its manifesto towards digital-only preorders. As PC Gamer explained, liquidity suppliers accumulate a lower of the charges charged on each commerce by the pool. As every gameplay leak drove buying and selling quantity, every commerce by the pool charged a payment that accrued to Cyberleek as its liquidity supplier. The $250,000 estimated exit got here from these gathered charges slightly than from dumping a founder’s stash available on the market.
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As the leaker’s marketing campaign pushed on, 270 million reserve tokens, price about $1.79 million on the time, have been burned, which commentators consider was a part of a trust-building train to maintain merchants within the pool and the charges flowing. GTAForums’ Vice Cit wrote in a submit that the scheme was “planned out and executed very intentionally to maximize the money they’ll make.”
As the scheme got here to a detailed Thursday afternoon, its proceeds have been moved into 4 newly created wallets after being cashed out. At least 91 SOL have been deposited in a KuCoin account, per CoinDesk. Another portion went to CCE.Cash, a non-custodial, nameless swap service.
Take-Two filed DMCA subpoenas on August 20 demanding that Microsoft and Discord determine the “CyberLeek” persona by September 4, and has since served an identical subpoena on X.
KuCoin does confirm its customers by Know Your Customer verification. However, on condition that it’s an entity headquartered within the Seychelles, there’s no route for a civil subpoena to be served, not to mention any mechanism to pressure the corporate to conform if one have been served. KuCoin hasn’t had a U.S. presence since early final yr, when it pleaded responsible to working an unlicensed cash transmitting enterprise and exited the U.S. market after paying a $297 million Department of Justice settlement.
The ultimate leak, a four-plus-minute lower of protagonist Lucia’s prologue, appeared on August 26, with the identical on-screen plea for extra leaks in change for extra buying and selling quantity. No new leaks have been posted for the reason that meme coin was cashed out, regardless of “Cyberleek” claiming to carry a full working construct of the sport. The saga has additionally (predictably) spawned a faux 113GB ISO padded with malware. GTA VI launches November 19.
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