Chain sleuth Zachxbt has struck again with a thread about Logan Paul and his alleged litany of shady dealings within the crypto space.

In the thread, the pseudonymous detective revealed some of the possible scams Logan Paul has allegedly been involved in based on his transaction records.

He was able to do this by using Paul’s public address, 0xff0, from which he mapped how funds were coming in and out of various other addresses. For example, 0xb74 transferred several NFTs, including 3 CryptoPunks, to the main public address.

Source: Zachxbt

Zachxbt wrote that Logan Paul had promoted several pump-and-dump schemes over the course of a year. The first is the ELON token that he promoted in a leaked video on his page.

The video was leaked on May 10, 2021, and by May 17, blockchain records show that Logan had sold his token allotment. He made $112k from the sale.

In what appears to be an obsession with the CEO of Tesla, the next project Logan promoted was $FUCKELON. He looked like he bought it right before he tweeted that the coin is on the moon. He then dumped the tokens, earning $116k from the sale.

Logan Paul also promoted the Ethereum Max token in his boxing match with Floyd Mayweather. He got free tokens from the project and cashed them out for $71.8k.

The same token got promotions from other celebrities like Mayweather and Kim Kardashian. Those who bought the tokens are currently suing the developers and promoters over the failed project.

Another pump and dump schematic you got involved it was the failed crypto project DinkDoink. Once again, he promoted the coin with videos and tweets, but it turned out that the coin was his creation.

Beyond cryptocurrency pump-and-dump schemes, the influencer also milked his followers with non-fungible token (NFT) projects. One of them was the CryptoZoo project, which consisted of Adobe photoshopped nose pictures.

While the generic nature of the art is less of an issue, the project had blacklisted headlines after migrating contracts. Logan Paul, however, claimed that this was a technical issue that has been fixed, but many investors have yet to receive their NFTs.

If the allegations are true, it would mean that Logan Paul represents the crop of crypto influencers who capitalize on the trust of their followers to sell worthless tokens and make money.

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This post Zachxbt Alleges Logan Paul Is Behind Multiple Crypto “Pump and Dump” Schemes

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