• Jake Paul has been exposed as a $2.2 million serial cryptocurrency scammer

  • In a fresh investigation undertaken by crypto sleuth Coffeezilla, YouTuber Jake Paul has been linked to a series of questionable crypto ads.

    Jake Paul is already the subject of intense investigation as a result of the SafeMoon class action lawsuit. According to the lawsuit, the popular social media irritant, together with Backstreet Boy Nick Carter and rappers Soulja Boy and Lil Yachty, “made fraudulent or misleading claims to investors about SafeMoon.”

    The action also claims that this was done to benefit Paul and his celebrity counterparts at the expense of ordinary investors.

    Go deeper underground.

    With a legal action in the works, YouTube online detective Coffeezilla took a deeper look at some of Paul’s other crypto projects and advertisements. Sacred Devils, Yummy, Milf, and STICKDIX — a phallically-focused NFT initiative developed by Paul himself and promoted by pornstar and NFT scammer Lana Rhoades – were among the projects under investigation.

    Coffeezilla begins by explaining how tough it is to investigate a character like Jake Paul.

    “On the one side, everything on the blockchain is trackable and publicly viewable, which is a wonderful thing,” Coffeezilla stated in a YouTube video posted on March 7. “On the other hand, it’s really simple to create anonymous crypto identities whenever you want to do something shady.”

    According to Coffeezilla, this means that really smart influencers may do awful things without leaving a trace, whereas foolish influencers leave hints all over the place. So, where does Jake Paul lie on the continuum of smart to dumb?

    “He’s not as stupid as you probably think he is, but he’s not as brilliant as he thinks he is,” Coffeezilla says.

    The actual projects

    The first crypto project linked to Paul by Coffeezilla is League of Sacred Devils, an NFT project tied to the scam ring behind Faceless and countless other rugpull projects. Paul was compensated 39.9 ETH for his efforts in promoting Sacred Devils.

    STICKDIX was an NFT project run by Paul that earned him almost $1.5 million. Paul failed to execute on the project’s roadmap, and investors lost money when he stepped away.

    SafeMoon became the key to uncovering more bad behavior from Paul. Coffeezilla was able to correlate a $190,000 payment from SafeMoon to a wallet address held by the YouTube personality for the first time using block explorers and simple chain analysis. The same address was linked to MILF token and Yummy payments.

    Paul created a separate wallet in each case to get his tokens, but he subsequently transferred the tokens back to the original wallet to cash out. Coffeezilla was able to demonstrate that a payment to a wallet associated with Jake Paul coincided with an unannounced promotional post by Jake Paul in each case. The payments could possibly be linked to a publicly accessible Rarible profile called ‘PRBLM CHILD,’ which has @jakepaul in the bio.

    Coffeezilla was able to connect the star to $2.2 million in crypto marketing and initiatives. The research points to a pattern of behavior in which the media personality was content to profit from the suffering of others.

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