On May 13, Twitter on-chain investigator Zachxbt has struck again with accusing American influencer Logan Paul by revealing his alleged list of dubious crypto scams. The pseudonymous detective Zachxbt disclosed some of the probable crypto schemes Logan Paul was involved in with his transaction logs as the proof.
1/ A thread on @LoganPaul and his sketchy track record in the Web 3 space thus far. pic.twitter.com/wNmyw5TyFb
— ZachXBT (@zachxbt) May 13, 2022
According to Zachxbt, Logan Paul has advocated multiple pump and dump scams in the past few years. If the allegations are true, Logan Paul will represent a new generation of crypto influencers who profit from their followers’ trust by promoting worthless currencies and tokens.
Logan touted the ELON coin in a Facebook leak video as the first suspected crypto scam. According to the sources, the video was leaked on May 10, 2021, and Logan had sold his token allocation by May 17. He made $112,000 from the deal.
5/ Case 1: On 5/10/21 a video got leaked from the Maverick Private Page (behind the scenes content for Logan) hyping up ELON.
He finishes selling on 5/17 and in total $112k from this blatant pump and dump. https://t.co/zkJGXZ4eeW pic.twitter.com/UOn9XwDfI4
— ZachXBT (@zachxbt) May 13, 2022
The next project Logan supported was $FUCKELON, which appears to be a Tesla CEO obsession. He seemed to have bought it just before tweeting about it. He then sold the tokens for $116,000 profit.
Logan Paul also promoted the Ethereum Max token during his boxing match vs. Floyd Mayweather. The project gave him free tokens, which he was able to sell out for $71.8k.
Floyd Mayweather and Kim Kardashian, for example, both pushed him in the same way. The project’s designers and promoters are being sued by those who bought the tokens.
8/ Logan has also been exposed in the past by @coffeebreak_YT for his project DinkDoink another pump and dump. https://t.co/z9eqiT6urz pic.twitter.com/Q8NBZbIgho
— ZachXBT (@zachxbt) May 13, 2022
He was involved in another pump and dump scheme with the failed DinkDoink cryptocurrency project. With videos and tweets, he promoted the money once again, but it turned out to be a fraud.
Paul Logan used his celebrity power to promote many Non-fungible tokens (NFT) enterprises, as well as crypto pump and dump scams, prompting his followers to invest in these scams.
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