Is what Jake Paul is doing unlawful? That’s for the court docket to determine. It’s morally reprehensible, although. And Coffeezilla, YouTube’s largest pop detective, is on the case. In his newest video, he uncovers an alleged Jake Paul pockets that the influencer has allegedly used to money out of all his paid promotions for crypto initiatives. Yep, he used the identical pockets for all of them.
In a Twitter thread presenting the video, Coffeezilla stated:
“A few weeks in the past he bought sued within the SAFEMOON class motion lawsuit, for pump and dumping the coin, however to this point, nobody is aware of how a lot he bought PAID to do these promotional tweets. The key wallets I uncovered present a sample of pump and dumping tokens in change for presented tokens to Jake Paul.”
Let’s break this down, lets?
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What did Coffeezilla Discovered On Jake Paul?
We’ve stated this earlier than and we’ll say it once more, blockchains report all the pieces and aren’t an excellent medium for criminals. We’re undecided if what Jake Paul did is a criminal offense at this time second, although. What did he do? He bought paid to advertise a number of crypto initiatives, bought his followers to purchase in, pumping the worth, after which dumped on them.
Jake Paul screams to $YUMMY buyers to “push this shit” and “we’re not sellling”
Jake then sells a month later for $300K, the tokens he bought totally free for doing this promotion. pic.twitter.com/MjFqKwO6l8
— Coffeezilla🇺🇦 (@coffeebreak_YT) March 7, 2022
The worst factor is, in Coffeezilla’s phrases, “none of this promotions Jake Paul did had been listed as advertisements.” Each the Federal Commerce Fee and the SEC may need an issue with that, however let’s wait and see how they deal with the scenario. Within the video above, “Jake Paul screams to $YUMMY buyers to “push this sh*t” and “we’re not promoting.” Jake then sells a month later for $300K, the tokens he bought totally free for doing this promotion.”
So, what are the crypto initiatives Jake Paul promoted? Based on Coffeezilla:
- SafeMoon – (He bought 50T SafeMoon for a tweet. That’s trillions with a T)
And these two NFT initiatives he funded along with his official pockets:
- League of Sacred Devils
It’s value noting that the StickDix Twitter account bought hacked and now shows messages like “Jake was being paid 55% of mint for selling Stick Dix and was on the workforce behind it”
🧐 StickDix holders once they determine that Jake was being paid 55% of mint for selling @StickDixNFT and was on the workforce behind it 👀 #rug #rugpull #gotchaeth#leaked pic.twitter.com/kwsTGymi0h
— StickDix (@StickDixNFT) November 18, 2021
Additionally, Coffeezilla has one other video on the Stick Dix case particularly:
Based on the Web detective, Jake Paul has pocketed $2.232.995 from these initiatives.
How Does Coffeezilla Know That Jake Paul Owns That Pockets?
The web detective’s methodology is easy, “The concept right here being that you will discover a crypto pockets if the habits strains up sufficient with publicly obtainable info.” So, what Coffeezilla did was:
- Search for the date of Jake Paul’s tweets selling the named crypto initiatives.
- Go to the challenge’s blockchains and search for suspicious transactions.
- Each time, he discovered an enormous one coming from the challenge creators’ wallets.
- These went to wallets not linked to Jake Paul.
- Every time, the proprietor cashed in and transferred the funds to the identical pockets, one registered to “ProblemChild” on OpenSea.
proof right here 0x3eAeA672B2Ce44688810faD22DEd14D3E5ffA512 pic.twitter.com/z7CP7wWvuX
— Coffeezilla🇺🇦 (@coffeebreak_YT) March 7, 2022
Think about ProblemChild is considered one of Jake Paul’s codenames. And that somebody initially funded the ProblemChild pockets from an official Jake Paul account. Within the video, Coffeezilla concludes:
“This might have been a fairly good scheme, besides, each time Jake went to money out, he did all of it on the identical pockets. On the ProblemChild pockets, and that was his mistake. As a result of by constructing sufficient circumstantial proof in opposition to himself, finally, it turned very sturdy.”
The SafeMoon Lawsuit
In the mean time, there’s a lawsuit in opposition to Jake Paul and different celebrities and influencers for selling SafeMoon. Coffeezilla’s video begins with, “Many individuals are most likely questioning if I’m making this video to ensure Jake Paul loses this lawsuit. And I need to be clear. Completely not, that was by no means the intention. It’s only a pleased accident.”
🚨BREAKING: New Safemoon Lawsuit UPDATE simply dropped in the present day: it now contains the Jake Paul secret wallets I put in my video and the $200K that I confirmed him making. 👀 pic.twitter.com/xc4dKiHWA0
— Coffeezilla🇺🇦 (@coffeebreak_YT) March 8, 2022
Let’s quote ClassAction.org to get the main points:
“Among the many defendants within the 60-page lawsuit are Jake Paul, Nick Carter, Soulja Boy, Lil Yachty and YouTuber Ben Phillips, who the criticism alleges performed key roles in pumping up the SafeMoon cryptocurrency token V1 on social media and thus inflating its worth.”
What occurred then? Based on the lawsuit:
“The defendants’ conduct during the last 12 months amounted to a “sluggish rug pull” on buyers, who again and again had been inundated with encouraging statements concerning the purported worth of SafeMoon tokens—and the promise of future success—whereas firm execs and superstar promoters slowly bought off their very own holdings amid inflated buying and selling quantity.”
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All people concerned in SafeMoon slowly left the challenge, the pockets they promised by no means arrived, and the coin’s worth plummeted and by no means recovered. Jake Paul and the opposite celebrities promoted the coin, generated a pump, and took part within the dump. Is what they did unlawful, although? That’s for the court docket to determine.
Featured Picture: Jake Paul and Coffeezilla, screenshot from this video | Charts by TradingView
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