The CyberLeek group, behind the series of GTA 6 gameplay leaks, pulled off a classic dump of its own token. My analysis of on-chain data shows that the hackers extracted about $286,000 from the project, combining asset liquidation with fee collections. This is not just a random collapse, but a planned operation timed to the peak of hype.
The Mechanics of Manipulation
The critical drop in CYBERLEEK occurred on August 27, just hours before the official game presentation on Netflix. Since mid-August, the hackers had been publishing gameplay videos, embedding links to donation wallets and the address of the token contract launched via PumpFun. The buzz around GTA 6 drove the coin's market cap to peak values of around $25 million.
An investigation conducted by user Vice Cit reveals an unconventional scheme. Instead of a typical rug pull, CyberLeek burned the entire reserve of 270 million CYBERLEEK (about $1.79 million at the time) to create an illusion of trust. All subsequent videos led to a website where token holders voted on new leaks, incentivizing them to hold the coins. However, behind this was a simple goal—accumulating fees.
On-Chain Traces of the Dump
According to blockchain data, a wallet linked to the group received $154,683 in wSOL and 15.4 million CYBERLEEK in royalties. Right before the premiere, the tokens were sold for approximately $125,000, crashing the price by 40% within minutes. Even before that, the coin had shown weakness, but after the creators' actions, it collapsed completely: from $0.03 to $0.003 over several days, a 90% drop.
Vice Cit suggests that some of CyberLeek's wallets remain undisclosed. The tracked funds were transferred to the exchanges KuCoin and CCE.Cash, as well as to private addresses. This points to an attempt to obscure the trail and partially cash out profits through over-the-counter channels.
"I believe that [CyberLeek] expected to earn much more from this project, and the messages in the latest videos look somewhat panicked. As the coin's price kept falling and public interest began to wane, they probably just decided to cash out," Vice Cit concluded.
This incident once again highlights the risks of meme tokens tied to hype-driven events. My professional assessment: even burning the reserve does not guarantee protection from manipulation if the creators control liquidity and fee flows. Investors should view such assets exclusively as speculative instruments with zero fundamental value, not as long-term investments.