Cryptocurrency

"Exposing Jake Paul's Scams"

2022-03-07 [vendor] Jake Paul undisclosed promotion accusations [chain] ethereum
Primary Source ↗
Blockchain(s) Ethereum

Incident Details

Jake Paul, who is already in hot water after being named in the class-action lawsuit against SafeMoon, has now been implicated by YouTube detective CoffeeZilla in $2.2 million worth of undisclosed promotions for multiple different projects. Influencers are required by the FTC to disclose when they financially benefit from promoting a project, though the crypto space seems rife with celebrities deciding that rule just doesn’t apply.Paul allegedly tried to cover his steps by creating a new crypto wallet to receive payments for each promotion, but then transferred the money a wallet he controlled to cash out. Oops. Some of the projects that Paul hyped in his undisclosed promotions included League of Sacred Devils, $MILF, and $YUMMY.

Technical Details

Vendor / Product
Jake Paul undisclosed promotion accusations

Timeline

  1. 2022-03-07 Breach occurred
  2. 2022-03-07 Publicly disclosed