On-chain sleuth, Zachxbt, has struck once more with a thread on Logan Paul and his alleged litany of shady dealings throughout the crypto area.
Within the thread, the pseudonymous detective revealed a few of the attainable scams Logan Paul has allegedly been concerned in based mostly on his transaction information.
1/ A thread on @LoganPaul and his sketchy monitor file within the Net 3 area to date. pic.twitter.com/wNmyw5TyFb
— ZachXBT (@zachxbt) May 13, 2022
He was ready to do that utilizing Paul’s public handle, 0xff0, from which he mapped out how funds have been moved out and in from a number of different addresses. For instance, 0xb74 transferred a number of NFTs, together with 3 CryptoPunks, to the principle public handle.
Zachxbt wrote that Logan Paul had promoted a number of pumps and dump schemes over the course of a 12 months. The primary is the ELON token which he hyped in a leak video from his web page.
The video leaked on Could 10, 2021, and by Could 17, blockchain information present Logan had offered his allocation of the tokens. He made $112k off the sale.
In what seems to be an obsession with the Tesla CEO, the subsequent venture Logan promoted was $FUCKELON. It appeared he purchased it proper earlier than tweeting that the coin is mooning. Then he dumped the tokens, making $116k from the sale.
6/ Case 2: On 5/17/21 Logan promotes one other pump and dump. His buys occur proper earlier than the Tweet and dump 12 hrs later for a $116k revenue in whole.
The Twitter account for the coin hasn’t tweeted since 5/27. pic.twitter.com/b3gGqfuKmV
— ZachXBT (@zachxbt) May 13, 2022
Logan Paul additionally promoted the Ethereum Max token in his boxing match with Floyd Mayweather. He bought free tokens from the venture and cashed them out for $71.8k.
The identical token bought promotions from different celebrities like Mayweather and Kim Kardashian. Those that purchased the tokens are at the moment suing the builders and promoters for the failed venture.
One other pump and dump scheme he bought concerned in was the failed DinkDoink crypto venture. Once more, he hyped the coin with movies and tweets, but it surely turned out that the coin was his creation.
Past the crypto pumps and dumps schemes, the influencer additionally milked his followers with non-fungible tokens (NFT) tasks. One in all them was the CryptoZoo venture which was Adobe inventory photos with nostril photoshop.
9/ Logan’s different crypto venture CryptoZoo blacklisted holders after they migrated contracts.
In an interview with The Block, Logan claimed the preliminary crew was problematic however it’s all rectified.
Individuals like Bagsy nonetheless haven’t acquired something regardless of following directions pic.twitter.com/57KeVEr68H
— ZachXBT (@zachxbt) May 13, 2022
Whereas the generic nature of the artwork is much less of an issue, the venture had blacklisted holders after migrating contracts. Logan Paul, nonetheless, claimed that this was a technical downside that has been rectified, however many traders are but to obtain their NFTs.
If the allegations are true, it will imply Logan Paul represents the crop of crypto influencers who capitalize on the belief of their followers to shill nugatory tokens and earn cash.
