Token promoted alongside GTA VI leak sees market cap surge 5,800%
An X user operating under the name CyberLeek published alleged GTA VI gameplay footage while simultaneously promoting their own CYBERLEEK token. Following the posts, the token’s market capitalization surged nearly 5,800% within an hour to reach $3.46 million.
The materials shared in the post included details about the GTA VI map and footage of free-roam gameplay. The videos later became unavailable on X following a copyright complaint from the game’s developer, Rockstar Games.
Token market cap jumps nearly 5,800% in an hour
CyberLeek claims the token was launched to finance a “secret project,” the details of which have not been disclosed. According to the user, the funds are needed to build infrastructure and protect against potential pushback from large corporations.
The author separately claimed that the token launch was not an attempt to make quick money from investors. However, the GTA VI posts included references to the CYBERLEEK ticker.
Following the circulation of the alleged leak, the token’s market capitalization jumped nearly 5,800% within an hour to $3.46 million. It subsequently fell to around $1.5 million.
CyberLeek links their activities to dissatisfaction with practices in the gaming industry. In particular, the user opposes digital pre-orders, paid access to single-player game content and decisions that could restrict consumers’ long-term ability to access games they have purchased.
The user also threatened to release additional GTA VI materials unless Rockstar Games meets their demands.
Crypto scammers exploit well-known brands
The CyberLeek case is another example of crypto assets being promoted through high-profile brands and events. In July, attackers compromised the X account of Robinhood’s CEO and used it to promote a fraudulent token.
The incident raised questions about the security of social media accounts belonging to executives at major financial companies. Following the incident, Robinhood shares fell 7.13% in one trading session to $94.34.
Interpol previously uncovered a cryptocurrency laundering scheme involving approximately $122 million linked to dating-site scams. Criminals used digital assets to move funds obtained from victims.
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