Your Drained Crypto Wallet Pumped a Thief’s VICE Memecoin: The New Grift That Eats Regular Folks Alive

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Key Highlights

  • A regular crypto user got his wallet cleaned out of more than $700 after some shady business on BNB Chain, the kind of theft that would make a Depression-era bank robber blush for its sheer audacity.
  • An on-chain gumshoe claims the thief didn’t just sit on the stolen cash-no, he went and bought up 12% of the VICE memecoin supply with it, making himself the biggest holder overnight, like a huckster buying all the soda pop at the general store to jack up the price for the kids.

Now don’t go thinking these crypto sharpers only go after the big whales with deep pockets. No sir, they’ll take the last seven hundred bucks a regular working stiff scraped together after withdrawing from that exchange, and turn it into a personal payday faster than a dust storm rolls across the valley.

The victim, posting under the handle 0xOlami, said he got took right after he pulled his funds out of MEXC. More than $700 worth of BNB-linked assets slipped out of his wallet before 8.2 SOL popped up out of nowhere, and was gone faster than a free slice of pie at a church social before anyone could blink.

An on-chain gumshoe named Crypto_Frank traced the whole mess out and posted this thread laying out exactly how it went down:

I traced your wallet on-chain. Here’s exactly what happened to you and where your money went:

93 days ago – The drainer contract 0x612373D7003d694220f7800EeaF8E3924c0951D3was deployed on BSC by 0xA0BEDC61ff0312181B2A4E1aA233Dd1355105C6B.
That same deployer wallet was funded by…

– Crypto_Frank (@frankk_onchain) May 15, 2026

That 8.2 SOL didn’t vanish into thin air, either. It landed straight into the wallet 46qWcTVCEssE9ScUwProUoK3T3tkPsAD7XB8PhnSHzjy, same as a stolen sack of grain gets dumped at the first fence post out of town.

Stolen Dough Turned Into a Memecoin Pump For Thieves

The gumshoe’s thread says the thief didn’t waste a second after getting his hands on the stolen SOL. He went straight to work buying up VICE memecoin like a kid in a candy store with a pocket full of stolen nickels, building a position big enough to make the rest of the market hold its breath.

Turns out he bought up roughly 12% of the whole VICE token supply with that stolen cash, making him the single biggest holder of the dumb little memecoin overnight. A buddy wallet tied to the same crew held another 6%, which means these boys together were sitting on close to 18% of the whole supply-enough to yank the price up or down whenever they felt like it, like a guy who owns all the water in the valley during a drought.

This ain’t just some old wallet drain where the thief moves the cash to a cold wallet and sits on it. No, these boys used a regular guy’s hard-earned money as buying pressure for a low-cap memecoin that no one ever heard of, cooking up an artificial price pump funded entirely by someone else’s loss. It’s the kind of grift that would make a carnival barker blush for how brazen it is.

The VICE token contract the gumshoe called out is this one, for what it’s worth: HcwLsRpU1Qgz34ou8vZg7tk8Vbhikrp6J6Qyf1Ywpump-though don’t go throwing good money after bad chasing it, these memecoins are about as stable as a house of cards in a windstorm.

The BNB Chain Drain Tied To That Sneaky EIP-7702 Delegation Trick

The victim’s BNB Chain wallet also lit up with EIP-7702 authorization activity, according to the screenshots he shared. His wallet address, for the record, is 0x8d3AaE7D140704cFaeEfe644C8e9C2698Df6C87e. For folks who don’t speak crypto, EIP-7702 is supposed to let a regular wallet act more like a fancy smart contract wallet, temporary-like. But if you sign the wrong piece of paper without reading the fine print? It’s like handing a stranger the keys to your barn and telling him he can come and go as he pleases, no questions asked.

That’s the heart of the mess here, see? The victim probably didn’t sign some boring old token approval like you’d skip reading on a website’s terms of service. No, he signed something that gave these boys delegated control of his whole wallet, the kind of thing that lets them move every last cent out whenever they want. It’s the digital equivalent of letting a con artist hold your wallet while you go to the bathroom, and coming back to find it empty.

The Solana Wallet Trail Shows This Wasn’t Some Kid In His Basement

The on-chain analyst digging into this mess says this wasn’t some lone wolf hacker working out of his mom’s basement. No, the drainer wallet that took the cash was funded by an operator wallet, which itself was funded by an even older relay wallet, like a row of guys passing stolen goods down a line so no one gets caught holding the bag. Another coordinator wallet was handing out SOL for gas fees to a whole bunch of other wallets, like a foreman passing out lunch money to a crew of day laborers.

One wallet flagged in the thread, QvtWcAX3R7Cr51VhAxFSYntoCAmTQzK8Hf4R1TrKNQ4, was tied straight to the whole operation by on-chain activity, and was sitting on over $3,000 in USDC and USDT plus a handful of those same dumb memecoins. The analyst says this wallet got its start from an OKX hot wallet about 50 days back. That don’t prove who’s running the show, not for regular folks anyway, but it gives the exchanges and the folks who are supposed to police this mess a paper trail to follow if they ever feel like doing their jobs for once, instead of just collecting fees.

This Is The New Grift, And It’s Coming For Regular Folks

For the regular retail users out there, the risk ain’t just losing a few hundred bucks one time. A malicious delegation can turn your wallet into an open safe for these thieves without you ever knowing, and the stolen cash gets funneled into pumping these thinly traded memecoins where a few hundred dollars can move the whole supply faster than a rumor spreads through a small town. The VICE mess is just the latest sign that wallet drainers, memecoin speculation, and those hidden authorization risks are all getting rolled into one playbook now, and the only folks getting rich are the grifters running the show.

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2026-05-16 22:50