Attention: A Well-Known Scammer Is Reportedly Launching a New Altcoin – Here’s the Token to Avoid

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

This announcement comes just days after rumors spread that Jordan Belfort, known as the “Wolf of Wall Street,” was preparing to launch a token of the same name.

Bubblemaps teamed up with YouTuber Coffeezilla to investigate the origins of WOLF and found striking similarities to HOOD, another token previously released by Davis. The firm’s analysis suggests that the designer of the WOLF token has direct links 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 identified the following key events:

• The developer of WOLF purchased the token before other investors using multiple wallets.
• The token's market value skyrocketed to $40 million before an alleged rugpull scam.
• 82% of WOLF’s supply was controlled in a packaged structure, raising red flags regarding 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 named OxcEAe, which was previously attributed to Hayden Davis.

The transactions suggest that Davis was moving funds around months before the LIBRA and WOLF launches, likely in an attempt to conceal his involvement. Bubblemaps speculates that Davis may have thought his activities would go unnoticed due to the complexity of the fund transfers.

*This is not investment advice.