YouTuber Coffeezilla is known for publishing influencers involved in dubious scams and plans. He has now created a video in which Jake Paul accuses young viewers of fooling young viewers with NFTs and cryptography.
Jake Paul has been in the crypto industry for years now and has recently entered the NFT market, leading to some suspicious situations. Jake Paul was one of the influencers sued with SafeMoon LLC for making “false or misleading statements” to investors on social media about SAFEMOON tokens.
These tokens were purchased between March 8, 2021 and February 17, 2022, but crypto companies are said to have had a pump-and-dump scheme similar to something like Save The Kids. increase. In the pump and dump scheme, social influencers are involved in token branding. This allows investors to buy at soaring prices before influencers sell their positions and profit from the high prices of buy-in fans.
Coffeezilla said in a recent research video that there are more behind-the-scenes scams that most people aren’t aware of yet.
Coffeezilla reveals Jake Paul’s crypto fraud
Coffeezilla started by discussing Jake Paul’s public crypto wallet. This includes a holy devil propaganda scam that allegedly gave Paul about $ 140,000. This is related to another potential NFT scam that Paul forced fans to buy Sacred Devil NFTs, and Coffeezilla said everyone involved was “suffering from almost total losses.”
Jake Paul also funded another NFT project called Stickdix from the same wallet he used for the Holy Devil. This abandoned project brought Jake Paul $ 1.55 million.
These were in Jake Paul’s public wallet. Coffeezilla also found some “secret” purses allegedly owned by Jake Paul. This shows who received the free Safe Moon on the same day Paul promoted last year. According to Coffeezilla, his wallet received 54 trillion Safemoon on promotion day, which was rapidly monetized into a wallet called “Problem Child”. That same wallet is also linked to the promotion of Paul’s MILK and Yummy tokens.
In each of these cases, Jake Paul never revealed that he was a paid influencer and advertised for these companies.
How Much Money Did Jake Paul Make From Cryptographic Scams?
According to a recent video from Coffeezilla, Jake Paul has made a lot of money from his involvement in these suspicious businesses.
Paul earned $ 1.56 million from StickDix, $ 300K from Yummy, $ 190K from SafeMoon, $ 139K from Sacred Devils, and $ 50K from Milf. This means that Jake Paul is alleged to have deceived fans from over $ 2.2 million.
