An X user claiming to be a PNUT Dev has been accused of secretly releasing a large number of RUG disks and raking in millions of dollars in illicit funds.

User X, @ShittymikeSoll, impersonating a PNUT Dev, gained attention by falsely claiming he earned $18 million from $1,000 in a month. He then publicly revealed a large wallet address and boasted that he would turn $860,000 into $100 million during a live stream, successfully hyping up the market. However, he secretly issued a large number of RUG disks, raking in millions of dollars in illicit funds.