A group of insiders led by Jay Ha, known online as “Kokoro,” front-ran the launch of a token called KIKI, sniped 85% of the token supply, and cashed out in 24 hours. Over $3 million in investor funds vanished across off-chain deals, fake listings, and fake documents.
The entire thing was planned. From leaking internal launch details to dumping through CEXs, every step was a setup. And when the money was gone, so were the people.
The main actor behind this mess is Jay Ha. He assembled a team that included JayC, Shytoshi, Todor, Jelly, and a few others. He claimed he paid $360,000 to secure KIKI’s IP, but that number was exposed as fake.
The real seller, Bryan, said the deal was just $20K. There were no receipts. The IP was never legally transferred. The name KIKI was just a smokescreen.
Before launch, Ha leaked the ticker and schedule to Filipino and Korean KOLs. That info was used by bots and snipers to rig the launch. Over 15 fake KIKI tokens showed up on Pump.fun.
The real one had to be delayed a week. By then, the whole thing was compromised. One former team member said, “KIKI’s ticker and internal info were already out before we even pressed go.”
Ha operated under the fake name “Kokoro” to avoid responsibility. While pretending to be hands-off, he was controlling deals, wallets, and communications. Even JayC (the project’s original CEO) said, “Nobody could hold him accountable because nobody knew who he really was.”
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