GTA 6 Leaker Cyberleek Cashes Out on Crypto Coin for $250,000

Cyberleek, the leaker behind GTA 6 leaks, has seemingly cashed out on its crypto coin by transferring $250,000 into separate wallets. This move comes after Kotaku's Vice Cit investigation revealed that Cyberleek burned 270 million reserve coins to stoke trader trust and maximize transaction fees.

This financial mechanism is distinct from a traditional crypto rug pull, where the leaker would sell off their assets before the value tanks. Instead, Cyberleek opted for a pump-and-dump strategy, which ultimately led to the coin's price increase.

The investigation by Vice Cit suggests that this was done intentionally to give confidence to 'crypto whales' and contribute to the coin's exploding market cap over the last few days.