Logan Paul accused of participating in multiple crypto \u2018pump and dump\u2019 schemes YouTube: Logan PaulTwitter user Zachxbt, who describes themselves as an \u201con-chain sleuth,\u201d accused Logan Paul of participating in multiple crypto \u2018pump and dump\u2019 schemes at the expense of his followers. Logan Paul\u2019s enthusiasm for cryptocurrencies and NFTs extends beyond investing in them. He\u2019s also launched his own projects, 99 Originals NFT and CryptoZoo, and often speaks about his passion for the scene. However, according to Zachxbt, a \u201csleuth\u201d who investigates the connections between influencers and crypto and NFT scams, Logan has allegedly participated in some questionable crypto pump and dump schemes. 1\/ A thread on @LoganPaul and his sketchy track record in the Web 3 space thus far. pic.twitter.com\/wNmyw5TyFb \u2014 ZachXBT (@zachxbt) May 13, 2022 After looking at the transaction records across Logan\u2019s main public address to his offshoot ones, Zachxbt claims they\u2019ve found evidence of his alleged involvement in three separate crypto pump and dump schemes. First, they claimed Logan hyped up the ELON cryptocurrency in a \u2018leaked\u2019 video on May 10, 2021, only to sell it a week later on May 17, 2021, making $112,000 in profit. They called it a \u201cblatant\u201d pump and dump ploy. 5\/ Case 1: On 5\/10\/21 a video got leaked from the Maverick Private Page (behind the scenes content for Logan) hyping up ELON. He finishes selling on 5\/17 and in total $112k from this blatant pump and dump. https:\/\/t.co\/zkJGXZ4eeW pic.twitter.com\/UOn9XwDfI4 \u2014 ZachXBT (@zachxbt) May 13, 2022 Then, they accused Logan of doing the same thing again by promoting a different cryptocurrency via a tweet on May 17, 2021, moments after buying it. Paul then sold it all 12 hours later, making $116,000 in total. Finally, they claimed Logan received free tokens from EMAX, a company currently being sued for scamming people, and sold them for $71,800, bringing his total profits from these alleged schemes to around $300,000. 7\/ Case 3: Floyd & Logan had a fight back in June 2021 that was heavily sponsored by EMAX Logan received tokens for free from the project that he then sold for $71.8k Currently EMAX is being sued for being a scam. Am not sure how EMAX even passed the vetting process to sponsor pic.twitter.com\/0KAo7n6vLh \u2014 ZachXBT (@zachxbt) May 13, 2022 Zachxbt also pointed out it\u2019s not the first time Logan has been accused of such things. \u201cI\u2019m sure Logan will claim to be not at fault,\u201d they said, \u201cbut at what point do you actually take some sort of accountability for your actions?\u201d Logan isn\u2019t the only influencer who Zachxbt has called out. In March 2022, they also created a thread about David Dobrik\u2019s alleged involvement in promoting a \u201c$6 million NFT scam\u201d and shared their findings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Logan Paul accused of participating in multiple crypto \u2018pump and dump\u2019 schemes YouTube: Logan PaulTwitter user Zachxbt, who describes themselves as an \u201con-chain sleuth,\u201d accused Logan Paul of participating in multiple crypto \u2018pump and dump\u2019 schemes at the expense of his followers. Logan Paul\u2019s enthusiasm for cryptocurrencies and NFTs extends beyond investing in them. He\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-53755","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/53755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=53755"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/53755\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=53755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=53755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=53755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}