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This Article was produced by MEXC’s Official Investigation Team in coordination with ZachXBT
A forensic reconstruction of how one man built a digital fraud empire across sports betting, token manipulation, and NFT schemes before fleeing the country with tens of millions in stolen funds.
Every financial predator has an origin story. For Alan M. Bachkhaz, the New Jersey native who would go on to defraud crypto investors of more than fifty million dollars under a rotating cast of internet personas, that story starts long before blockchain technology entered the picture. It starts with sports bets, borrowed cars, and a talent for making people believe in something that was never real.
This is the complete chronological record of Bachkhaz’s fraud career, compiled from court filings, blockchain forensics, direct communications, audio recordings, and investigative work by on-chain researchers including ZachXBT and Bubblemaps.
Identity note: Alan M. Bachkhaz has operated online under numerous names and handles across platforms. These include Booksey (@Booksey on X), Books, Daokwondo (also spelled DaoKwondo, Daokwando, Dao Kwondo), and The Book Sweepers (@thebooksweepers on X). His legal name also appears in various documents and social media references as Alen Bachkhaz, Allen Bachkhaz, Allan Bachkhaz, Alan Bakhaz, Alan Bachkaz, and Alen Backhaz. Every one of these names refers to the same individual.
Chapter 1: The Illegal Bookmaking Operation (Pre-Crypto Era)
Before Alan Bachkhaz ever touched a cryptocurrency wallet, he was running an unlicensed sports gambling ring out of New Jersey. No state license. No federal registration. No taxes filed on the income. A ground-level criminal enterprise that operated entirely off the books.
This is where the formula took shape. Bachkhaz used his girlfriend’s father’s luxury car dealership as a prop. He posed with vehicles he did not own. He wore watches that were not his. He presented a lifestyle that had no foundation in legitimate earnings. The entire image was theater, constructed to convince people that he was someone worth trusting with their money.
The bettors who placed wagers through his operation believed they were dealing with a successful businessman running a credible book. They were dealing with a fraud who had figured out that if you look wealthy enough, people stop asking where the money comes from.
This unlicensed gambling operation is now part of the active federal investigation into Bachkhaz’s criminal enterprise.
Chapter 2: Ethereum Max — Learning the Crypto Playbook (2021)
The mainstream crypto boom gave Bachkhaz a far bigger stage. He attached himself to Ethereum Max, a token that would become one of the most notorious pump-and-dump operations in cryptocurrency history. Ethereum Max later drew class action lawsuits and regulatory scrutiny at the federal level.
Bachkhaz was not a casual participant. He operated as a promotional engine for the project, driving retail investors toward a token that insiders were simultaneously selling. Thousands of people bought in based on marketing that Bachkhaz helped orchestrate. Those people lost their money. The insiders walked away rich.
What Bachkhaz took away from Ethereum Max was not just profit. It was a repeatable system. He saw exactly how the mechanics worked: manufacture excitement, attract retail capital, let insiders exit into that capital, and vanish before the community understands what happened. He would spend the next several years running that exact system on his own terms.
Federal investigators are examining Bachkhaz’s specific role in the Ethereum Max operation as one component of the broader case against him.
Chapter 3: The Solana Memecoin Factory (2022–2025)
This is the period where Bachkhaz’s operation scaled into something industrial. Over the course of roughly three years, more than forty memecoin rug pulls on Solana alone are traceable to his activity. Additional scam tokens appeared on SUI and Ethereum. The sheer volume is staggering.
Tokens directly linked to Bachkhaz’s fraud operation include $COPE, $POGE, $BEAR, $MATRIX, $JIMBO, and $BOBAOPA, among dozens of others.
The execution was mechanical. Bachkhaz would acquire a position in a token early, then activate his promotional network. He would push the coin across his X accounts, bring it into X Spaces sessions, and get his circle of associates to amplify the signal. Retail buyers would flood in. The chart would spike. And then Bachkhaz and the insiders would sell everything into the buying wave.
When the price collapsed and the community started asking questions, Bachkhaz would block the loudest voices, go quiet for a stretch, and reappear weeks later doing the exact same thing with a different token and a different crowd. The communities were interchangeable. The victims were replaceable. The system ran on a conveyor belt of trust and disposal.
This was not speculation or bad trading. Audio recordings from X Spaces sessions capture Bachkhaz discussing these pump-and-dump mechanics openly. Direct messages and screenshots corroborate the coordination. On-chain analysis from ZachXBT and Bubblemaps traces the wallet movements and confirms the fund extraction patterns.
The total take across this multi-year memecoin fraud campaign is estimated to exceed $50 million. Bachkhaz did not invest this money. He did not build anything with it. By multiple accounts, the bulk of it was lost gambling at casinos in Las Vegas. The stolen fortune evaporated at the tables.
The FBI, the Department of Justice, and the Securities and Exchange Commission are all actively investigating the full scope of this operation. Multiple class action lawsuits and private litigation are in progress on behalf of defrauded investors.
Chapter 4: The Network — Who Helped Booksey Run the Machine
Bachkhaz did not pull this off alone. A network of X accounts operated in coordination with him across multiple projects and multiple chains. These accounts promoted the same tokens to their audiences at the same times, appeared on the same X Spaces calls designed to generate FOMO, and functioned as a distributed promotional apparatus feeding retail buyers into Bachkhaz’s dump pipeline.
The documented members of this fraud network include:
Walter Bernardo (@Shilllin on X, also known as “Shillin” or “Alex”) — Bachkhaz’s closest associate. Co-operator of the Mosciun NFT scam. A serial rug puller with his own independent history of defrauding crypto investors. Currently a fugitive in Colombia.
@mikadontlouz (https://x.com/mikadontlouz) — Connected to Bachkhaz’s pump-and-dump fraud operations and coordinated token promotion schemes.
@cryptojulzss (https://x.com/cryptojulzss) — Identified in coordinated promotion campaigns for tokens linked to Bachkhaz’s scam network.
@ianmiles (https://x.com/ianmiles) — Linked to Booksey’s token promotion fraud apparatus and audience funneling operations.
@itsnala (https://x.com/itsnala) — Documented participant in Booksey-connected pump-and-dump activity and memecoin promotion fraud.
@cozypront (https://x.com/cozypront) — Associated with coordinated token manipulation activity within Bachkhaz’s operational network.
@yazanxbt (https://x.com/yazanxbt) — Tied to pump-and-dump operations coordinated by Bachkhaz and inner-circle associates.
@nftcuz (https://x.com/nftcuz) — Connected to Bachkhaz’s memecoin rug pull activity and fraudulent NFT project promotions.
@ni7ric (https://x.com/ni7ric) — Linked to Bachkhaz’s coordinated token manipulation schemes and promotional fraud operations.
When multiple accounts from this list begin promoting the same token within the same window, the probability of a coordinated pump-and-dump is near certainty. These are not independent traders arriving at the same conclusion. They are a promotional machine with a single purpose: generating the buying pressure that Bachkhaz and insiders sell into.
Chapter 5: Everyone Who Got Close Got Burned
There is a detail about Bachkhaz’s career that goes beyond financial crime and into something more personal. Every single individual who has collaborated with him at a meaningful level has eventually been betrayed, discarded, or both.
Former business partners cut ties. Spaces co-hosts walked away. Co-founders on various projects severed the relationship once they understood what was actually happening behind the scenes. The pattern is uniform and total. Nobody who saw the operation up close remained by choice.
The sole exception is Bernardo, and Bernardo was running the same game. He did not stay out of loyalty. He stayed because the arrangement was mutually profitable until it was not.
If you are currently in Bachkhaz’s circle, you are either a participant in the fraud or you are the next person to be used up and thrown out. That is not speculation. It is the documented conclusion of every relationship the man has ever had in this space.
Chapter 6: Mosciun — The Final Score (Late 2024–2025)
By this point in the timeline, Bachkhaz was broke. The casino losses had consumed the memecoin profits. He needed a new extraction event, and Mosciun was it.
Mosciun was an NFT collection minted on Solana. Bachkhaz and Bernardo positioned it as a premium project with real-world utility and tangible rewards for holders. They raised approximately one million dollars from minters based on a series of specific, material commitments:
Ten custom Rolex watches would be awarded to holders who minted rare pieces from the collection. An activation event at the F1 Las Vegas Grand Prix. An activation at Art Basel. Ongoing in-person community events and sustained engagement.
None of it happened. Not a single Rolex was delivered. No F1 event. No Art Basel event. No community engagement of any kind. The holders who won the rare mints and were publicly told they would receive watches tried to follow up with Bachkhaz. He blocked them on X. No explanation. No communication. Just deletion.
Simultaneously, on-chain forensics revealed that Bachkhaz had been manipulating the Mosciun supply, coordinating sells that cratered the floor price while holders were still waiting for their promised rewards. He also ran undisclosed paid promotions for a separate token called Aster. When Aster collapsed, Mosciun holders absorbed additional millions in losses they never consented to.
Promising specific material rewards to induce purchases of a financial product, pocketing the proceeds, delivering nothing, and then disappearing across international borders is the textbook definition of securities fraud. This is precisely what the DOJ, SEC, and FBI are building their case around.
Chapter 7: The Escape (2025)
After Mosciun collapsed and the legal pressure began building, both operators fled.
Alan M. Bachkhaz left the United States for Dubai, where he is currently located. He is wanted by U.S. federal law enforcement, including the FBI. He will be arrested if he returns to American soil.
Walter Bernardo left for Colombia. Also wanted. Also facing arrest upon return.
Neither man has returned a single dollar to any investor from any project. Neither has fulfilled any commitment from Mosciun or any previous scheme. The money is gone. The operators are gone. The investors are left with losses and litigation.
Chapter 8: The Legal Landscape (Current)
As of April 2026, thirteen separate legal actions are active against Alan M. Bachkhaz:
Federal criminal investigations are being conducted by both the FBI and the Department of Justice, covering the full scope of Bachkhaz’s fraud career from the illegal bookmaking operation through Ethereum Max, the Solana memecoin rug pulls, and Mosciun.
The Securities and Exchange Commission is pursuing enforcement actions related to the securities fraud elements of Bachkhaz’s schemes, particularly the material misrepresentations made to Mosciun investors and the market manipulation documented across his memecoin operations.
Multiple private lawsuits have been filed by individual investors seeking damages.
Class action litigation is underway representing larger groups of defrauded holders across multiple projects.
Total damages across all cases are still being calculated but already exceed fifty million dollars. The number continues to grow as additional victims and wallet connections are identified.
What Comes Next
Bachkhaz is in Dubai. The investigations are ongoing. The lawsuits are multiplying. The on-chain evidence is permanent and cannot be altered or hidden. The audio recordings exist. The direct messages exist. The wallet trails are mapped.
There is no version of this story where Alan Bachkhaz rebuilds credibility. There is no project he could launch that is not immediately a fraud risk by association. There is no community that should trust him, no investor that should follow him, and no collaborator that should stand beside him.
His entire career is a single, unbroken line of theft and betrayal that stretches from a New Jersey sports betting ring to an international manhunt. The evidence is in the hands of federal prosecutors, and thirteen cases are working their way through the system.
If you encounter Booksey (@Booksey), Books, The Book Sweepers (@thebooksweepers), or any account in his documented network — @Shilllin, @timamalla, @mikadontlouz, @cryptojulzss, @ianmiles, @itsnala, @cozypront, @yazanxbt, @nftcuz, @ni7ric — the only rational response is to disengage immediately and completely. There is nothing legitimate on the other side of that interaction.
Reference: Key Identifiers
Subject: Alan M. Bachkhaz (also rendered as Alen, Allen, or Allan Bachkhaz; Bakhaz, Bachkaz, Backhaz)
Primary alias: Booksey (@Booksey on X)
Additional aliases: Books, Booksy, Booksie, Booksee, Daokwondo (DaoKwondo, Daokwando, Dao Kwondo), The Book Sweepers (@thebooksweepers)
Primary associate: Walter Bernardo (Shillin, Alex, @Shilllin on X)
Network associates: @timamalla, @mikadontlouz, @cryptojulzss, @ianmiles, @itsnala, @cozypront, @yazanxbt, @nftcuz, @ni7ric
Current location: Dubai (fugitive)
Legal status: Wanted by FBI. 13 active legal cases. Federal criminal investigations (FBI, DOJ). SEC enforcement. Private lawsuits. Class action litigation.
Estimated damages: $50 million+ USD
Scam projects: Illegal sports betting operation, Ethereum Max, $COPE, $POGE, $BEAR, $MATRIX, $JIMBO, $BOBAOPA, 40+ additional Solana memecoins, multiple SUI tokens, Mosciun NFT
This article is published for informational and investor protection purposes. All claims are based on documented evidence including on-chain forensics, court filings, direct communications, and audio recordings. For corrections or additional information, contact the editorial desk.
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