According to on-chain analytics platform Lookonchain, crypto trader James Wynn faces accusations of a suspected rug pull involving a token called WORLD launched on May 28. Liquidity was reportedly removed shortly after the token's launch, with the alleged exploit generating only around 3.2 SOL in profits.
Shortly after the controversy emerged, Wynn claimed his X account had been hacked and denied involvement in the token promotion. However, many crypto users expressed skepticism about the explanation, pointing to wallet activity and connections to the launch.