PANews reported on February 10th that, according to Bubblemaps, @beaverd, the winner of the $1 million prize in the X Creators Contest, is accused of defrauding people of approximately $600,000 through the Memecoin project. The investigation found that his associated wallet launched the $SIAS token, whose market value surged to $6 million before quickly dropping to zero, and he subsequently deleted all his social media posts. Furthermore, @beaverd allegedly used multiple associated wallets to launch Memecoin projects multiple times and ultimately cash out.