Ronald Branstetter made a meme coin that skyrocketed to a market cap of $420 million, turning him from a crypto skeptic to a fan of the space. But now, six weeks since his first foray into the industry, he says that he’s lost everything in a wallet hack.

Branstetter launched Unicorn Fart Dust (UFD) from his basement in December, in an attempt to prove to his YouTube audience of gold and silver investors that crypto is worthless—or as he called it, “Unicorn Fart Dust.”

Meme coin gamblers saw this video, however, and bought the coin en masse—causing his token to skyrocket, quickly turning Branstetter’s holdings into $1.2 million worth of UFD.

On the first night the token went flying, Branstetter sold half of his holdings, but told Decrypt three weeks ago that he regretted doing so, wants to buy more, and has no plans to sell—despite admitting that the money would be life-changing. 

However, on Monday afternoon, Branstetter claims that his wallet was hacked, with the attacker selling everything he had in his wallet. 

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Author: Ryan Gladwin