Crypto Beast Vanishes After $190M $ALT Pump and Dump

Crypto Beast Scammed $190M: $ALT Pump, Dump, and Disappear

What is the news?

The year 2025 added another crypto scam of $190 million. A social media influencer, Crypto Beast, scammed investors with a huge pump and dump technique of the $ALT. 

What did the crypto beast do?

• Crypto Beast started a full-on marketing campaign on multiple platforms like X (formerly Twitter) and Telegram. 

• He also promotes $ALT as a hidden gem with the potential of 100x. 

• He made splashy, chart-laden forums with bogus testimonials and growth estimates. 

• He also used such phrases as life-changing gains and whale-backed token, which gave an illusion of legitimacy and urgency. 

• Many retail traders, afraid that they would miss the boat, bought $ALT on his calls, most of them without performing their due diligence.

What happened on July 14?

On July 14, the price of $ALT suddenly plummeted from $0.19 to just $0.003. What had looked like a fast-growing altcoin quickly turned into a collapsing asset. Within hours, the market cap dropped by over 98%, from $190 million to only $3 million. Investors were stunned. Panic set in as people realized they had been lured into a classic pump-and-dump scheme. The community turned to social media, demanding answers and accountability, with one question echoing everywhere: “Who did this?”

What steps are taken by the authorities?

The case was picked up by renowned blockchain investigator ZachXBT, who has exposed the scam. He managed to conclude the following:

• There were more than 45 insider wallets that dumped over 11 million dollars of $ALT shortly before the crash by analyzing on-chain transactions. 

• All these wallets were connected to one Celestia node address, which was used as a funding source. 

• Insiders' wallets were funded in silence between May 2025 and July 2025 through instant exchanges such as KuCoin, Sideshift, Binance, and HTX.

The Truth

Zach found that the wallet addresses utilized in the dump were directly connected to the publicly shared wallet of Crypto Beast, which he had posted earlier on his now-defunct social media. Tracking the money, Zach discovered that all the dump wallets were funded by the same Celestia address. The trend was too clear to overlook- Crypto Beast had been dumping coins at the highest prices in secret and yet he was urging his followers to invest. Is another scam on the way just like other scams such as Fake Wallet Extension?

Shocking Reality

As soon as the crash made headlines, Crypto Beast vanished. He deleted all promotional tweets, Telegram posts, and even deactivated his X account. In a desperate attempt to escape blame, he claimed he had been “hacked.” But blockchain data told the real story: he had created and funded the very wallets that dumped on retail investors. Despite disappearing, wallets linked to him still hold over 89 million $ALT tokens, nearly 10% of the total supply, which could cause another crash if dumped again. However, this wasn’t surprising as many big big and reputed cryptocurrencies and exchanges are at risk and scammed by hackers, as we have seen CoinDCX Hack news of $44 Million. 

What's Next in the World of Crypto scams?

This wasn’t Beast’s first scam. He had previously hyped and rugged multiple other low-cap tokens like $ALPHA, $RICH, $YE, $RUG, $ACE, and $JOHN. The pattern was always the same: build hype, pump the price, dump insider tokens, delete evidence, and disappear. 

Although there is no official arrest yet, ZachXBT’s detailed analysis has given the crypto community enough evidence to take action. Several investors are pushing platforms like X and Telegram to suspend his accounts permanently. There are also discussions to blacklist wallets tied to Crypto Beast and prevent future listings of his tokens.

Reminder to all investors

This case is a harsh reminder to avoid blindly trusting influencers who make big promises without transparency. Watch for red flags like:

• Promises of “100x” returns

• “Stealth launches” with secret insider buys

• Flashy charts without fundamentals

• Sudden social media disappearances

The Beast may return under a new name, pushing another “undervalued gem” soon. But the blockchain never forgets, and neither should the investors who were scammed.