Jaypeg, a crypto influencer, faces allegations of a scam involving the “Uptober” memecoin.
According to claims from Uptober’s developers and community members, Jaypeg was supposed to endorse their memecoin in exchange for 2% of its total supply, worth around $2,200.
After accepting this deal on Telegram and receiving the tokens, Jaypeg is said to have sold them and then denied any receipt of funds.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
What is Polygon in Crypto? (Animated Explainer)
Jaypeg asserted that he had accidentally shared the wrong wallet address, beginning with “8jpz1p,” which ended up receiving the tokens. He explained that this was the reason he later deleted the message containing the address.
To clear things up, the Uptober team reached out to blockchain analyst ZackXBT, who found links between the wallet address and Jaypeg’s earlier activities. This address had been used to claim airdrops from the Solana Saga smartphone in January this year—shortly after Jaypeg posted an unboxing video discussing the device.
Despite the presented evidence, Jaypeg continues to deny any connection to the wallet, even going as far as accusing the Uptober team of blackmail. Additionally, he announced that he had donated the disputed funds to charity.
This incident has sparked a wider conversation within the crypto sphere about the ethics of influencer promotions and the need for transparency.
In other news, MrBeast has been accused of earning over $10 million through pump-and-dump schemes.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
