The rising crypto scams became a big concern for the crypto industry, where just recently, a pseudo-anonymous influencer, Jaypeg, is blamed for a Uptober memecoin scam. Though it is shocking to see an influencer scamming a new crypto project, the conclusion is still pending. As a result, it confused the crypto community with what to believe.
After crypto scams like Pig-Butchering, Phishing, and many other horrified users a few months ago. However, now people are more concerned about influencers promoting deadbeat tokens. More importantly, along with the commoner, the businesses have to be cautious of their collaborations after this incident.
Who is Jaypeg and What’s His Role in Uptober Memecoin Scam?
Jaypeg, a popular crypto influencer with 37,451 followers on X, has been accused of the Uptober memecoin scam after he failed to keep his end of the deal. He has often covered the market news and crypto token suggestions to his followers to build a sharp portfolio. However, he is now accused of running a crypto scam, where the Uptober token team approached him to promote their token on October 11. However, the team reported the scam, as Jaypeg backed out despite accepting the payment, commencing the Uptober Memecoin scam.
It began with the token team approaching the crypto influencer, offering to pay 2% of the token supply in return for promoting it. With this agreement finalized on the Telegram group, the team shared the $2200 tokens on the influencer’s crypto wallet. However, moments after the transfer, the influencer deleted the receiving address and revealed how he had not received any tokens. More importantly, he claimed the wallet address did not belong to him and was random. With this, he has called the team at fault for losing the tokens.
However, the story does not just end here, as the wallet owner has already sold the tokens, worsening the condition. In contrast, the crypto influencer claimed that the Uptober people blackmailed him after photoshopping his texts and demanded $2k.
ZackXBT Took Over the Uptober Memecoin Scam Busting
Despite the constant follow-ups, Jaypeg has still not acknowledged the tokens and has claimed that the token wallet address was random and not his. More importantly, he revealed that even if he received the tokens, he would never sell them for $2k.
With the severity of the situation, the Uptober team approached the Blockchain analyst ZackXBT to reveal the truth about the influencer. And it turned out to be the right decision as he ran an investigation and revealed several pieces of evidence contradicting the influence claims, starting with wallet address denial.
1/ A short story about how the influencer @0xjaypeg got caught lying to the community three times this weekend about an allocation for a project all for $2.2K. pic.twitter.com/Nvb5ZqsaXN
— ZachXBT (@zachxbt) October 20, 2024
ZackXBT revealed that the wallet ” “8jpz1p” used here is th same one that the accused used during the airdrops claim from the Solana Saga Smartphone on January 10, 20244. This crypto investigator made his findings public, claiming how Jaypeg has lied three times this weekend alone.
Further, he apologized publically and expressed his intentions of not wanting to stay associated with this memecoin anymore. Additionally, he has donated $2k to charity to get himself out of this situation. This action of the influencer has received a lot of backlash from the crypto community, ruining his public image.
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