The IEGT Exit Scam: A Complex Web of Deception

**Executive Summary:** On 22 July 2023 the IEGT token was used in a sophisticated exit scam: developers embedded low-level code to mint and assign ~1 billion tokens to a malicious wallet (0x00002b9...), enabling a dump that netted ~$1.14M; CertiK's on-chain and OSINT investigation links the operation to an entity called IEC Servicer, identifies intermediary wallets and laundering steps (including Tornado Cash), and documents deceptive marketing and likely paid actors used to attract victims.