Youtuber and alleged thief publicly refuses to return investors’ funds after $750k rug pull

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On Wednesday, American Youtuber and “web detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. In the course of the session, Denino allegedly confirmed that he made off with $750 thousand value of his traders’ cash by rug pulling a crypto undertaking dubbed “Cxcoin.”

The ordeal began final July, when Denino created the Cxcoin for streamers and content material creators on the Binance Good Chain. Denino then allegedly promoted the coin to his neighborhood of followers, telling them that “don’t be concerned, no rug [pull] right here all the cash is locked [in a smart contract] lol, my wallets are pinned.” Nevertheless, Denino deserted the undertaking simply two weeks later, saying:

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“It is fairly easy. Principally, the coin was inactive for a very long time; the crypto market is crashing, and clearly, I am not going to let $300 thousand [locked] within the liquidity pool go to waste, so I took what wasn’t obligatory in there.”

Along with the $300 thousand taken from the liquidity pool, one other $200 thousand from the Cxcoin token presale and $250 thousand from a advertising pockets are reportedly lacking, yielding a complete of $750 thousand value of traders’ funds. Denino allegedly returned a small portion of the misappropriated funds to the good contracts after public outrage. Nevertheless, nearly all of the capital has not been returned. In a while, when requested by Coffeezillaa as to how a lot cash he made off the “rip-off,” Denino cited 55% of the cash going to himself, whereas 45% going to builders, leaving him with a reduce of roughly $300 thousand.

Concerning the whereabouts of the funds, Denino allegedly purchased a Tesla solely days after the capital went lacking. With feedback on his Twitter account suspended, many customers took to Youtube and Discord to voice their dissatisfaction, with Discord consumer 3840x2160p#3258 writing:

“He lived off donators’ cash his complete grown life just about, then his twitch comeback will get denied, and so since his profession is stagnant, he decides to rip-off his followers and traders.”

Ice Poseidon initially rose to prominence as a Twitch streamer enjoying the fantasy MMORPG Runescape. In 2017, he was completely banned from the platform after a viewer referred to as in a bomb-threat hoax as he boarded an airplane. Throughout not less than one occasion in his Twitch streams, Denino allegedly admitted to credit-card fraud whereas on air.