According to PANews, a series of cryptocurrency presale events have exposed significant fraudulent activities, as tracked by on-chain detective ZachXBT. In these cases, 7,000 SOL were sent to Sarto, who secretly took 62% of the SOL from the presale without fully distributing the tokens. Additionally, 2,100 SOL were sent to a fake Jared MEV bot account, Jaredfromsubway.eth. In June 2023, people had also sent $440,000 worth of presale funds to another fake Jared account. Furthermore, 3,300 SOL were sent to a scammer named Blue Kirby, who initially promised refunds but ultimately decided not to issue them. Lastly, Vombatus disappeared after conducting a 13,000 SOL presale.