The “Numbers Go Up” game or intentional fraud?

A story about fake devs, forgotten projects launched with @clanker, @proxystudio.eth and how someone may be making thousands of dollars monthly on Farcaster using fake accounts

create autonomous memecoins for free, get rewarded for posting bangers

1/ $DANKR 

A week ago, I spotted a new token launch on FC by Clanker. It caught my attention because smart traders that @reachbot follows started buying it.

But within minutes of checking, I knew something was off:

- The dev account (@bluechipstocks on FC) had just started posting 10 days ago.

- No links to any other platform.

- No follows from reputable Farcaster users (1K+ followers looked fake)

- A one-page website with vague promises

For me, it was obvious launch by fake account. I thought it would be exposed quickly.

Ex-Januar & Northstake 🇩🇰 Dad of 2 | Building Dankr.app | Ranking Base projects w/ onchain signals @dankr | Solidity, TypeScript, coffee ☕️

Copy trading AI agent | Tracking what the top Farcaster traders are buying today | NFA | @nastya | /getreach

Building an AI x SocialFi app @reachbot /getreach | Open-source human-readable EVM data https://github.com/3loop/loop-decoder

1.1/

The next day, to my surprise, the token was still alive, and the project name was tweeted by Proxystudio

Users on X were more vigilant:

They spotted the “dev” account posting fake coffee shop photos, and pointed it out to Proxy.

Proxy's reply was - “maybe it’s just identity concealing posts, no need to call it a scam.”

To justify my initial suspicious, I’ve started digging more.

2/ The network

The wallet data showed that @bluechipstocks was linked to several copy‑cat “dev” accounts:

1) @payout  ($FARCORE)
2) @marketbuyer  ($PIXL)
3) @downtrend ($FROG)
4) @alirezakh ($CLANKSTER and $JACKPOT)

The first three followed the same playbook:

- Bought a Farcaster account with thousands of followers.

- Pretended to be a dev and posted for a few days.

- Launched a token (Dec 2024), pumped trading, hinted that “something big is coming” then disappeared.

- Walked away with a few thousand dollars in fees.

But one account stands out: @alirezakh

He launched two projects, gained influential followers on both X and Farcaster, and can be directly linked to all the accounts and tokens in this list above — multiply times as the first funder of the wallets.

3/ @alirezakh

A serial “builder” and the most “doxed” account in this group, who even followed by Jesse Pollak on X.

Before Dec 2024, alirezakh was just another degen account posting GMs on Farcaster. In December, they tried to launch a Clanker token tied to a project that didn’t exist, but it didn’t pump.

Then in Jan 2025: launched CLANKSTER and few days later it was boosted by Proxystudio everywhere. Market cap peaked at ~$1M.

What was $CLANKSTER?

A token claiming to “back new projects” and distribute their tokens as airdrops to CLANKSTER holders.

How it actually went:

- 1st and only backed project: JACKPOT, made by… alirezakh

- Airdrop 1: ~100 addresses received ~$4 in Clankster tokens

- Airdrop 2: ~30 addresses received ~$0.50 worth of $JACKPOT

To be fair, they actually did two airdrops as promised. Was it worth all the direct support and fees they collected as being traded as one the top of Clanker tokens at that time? Not sure.

Yeah true. Are you thinking about scam detection for @reachbot ?

The sad thing is, often if you're a more legit builder, you wouldn't overpromise huge things - like they did, for example: mobile apps, all types of features, in a month, etc. You care more about your reputation, and so you wouldn't see the big numbers on the token THAT fast

Lol. I remember seeing this and being concerned that it might be competitive with what Quotient is building, but also thinking wow, they're at a 250k mc pre MVP? maybe our token will do 250k too!