Jake Paul’s Crypto Scams Worth $2.2 Million
Jake Paul, a professional boxer and YouTuber, duped his fans and pocketed millions of dollars by promoting worthless cryptocurrency tokens to his fan base. Coffeezilla, a well-known Internet Detective, exposed him in his most recent video on his YouTube channel.
Coffeezilla has supplied sufficient proof and evidence in the video to indicate that Jake Paul has been involved in ‘paid advertisements’ for cryptocurrencies such as Milf Token, Safemoon, Yummy Coin, and others. All of this is a major issue because Jake Paul’s tweets complimenting these crypto coins were not labeled as ‘sponsored ads,’ but rather appeared to be typical tweets made by Jake on a personal basis.
How Does This Scam Work?
Jake Paul’s new wallet
Before promoting any crypto coin, Jake Paul creates a new wallet! This new wallet is then funded with coins promoted by Jake Paul, maybe by the project’s founding staff. Coffeezilla demonstrates evidence of a new random wallet receiving a big number of coins just a few days before Jake tweets his love for the token.
But what is the connection between this unknown wallet and Jake Paul? After Jake promotes the cryptocurrency on Twitter, the coins from this ‘unknown wallet’ are moved to another wallet! On OpenSea, this new recipient wallet is registered as ‘PRBLM CHILD.’ And if you follow celebs, you should know who the PRBLM Child is!
The PRBLM Child Wallet
The internet detective goes on to show that the first transaction to the PRBLM Child wallet was made by none other than Jake Paul using his official crypto wallet displayed on Raribles! He has been running a major crypto pump-and-dump fraud in which he receives gifted crypto tokens, pushes them on Twitter to his fan base, and then withdraws his gifted coins to the PRBLM Child wallet!
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