In the latest alleged cryptocurrency schemes, rappers Soulja Boy and Lil Yachty, along with boxer Jake Paul, are facing a lawsuit over their supposed involvement in a “pump and dump” ordeal. The whole ordeal is said to be beneficial to SafeMoon founder and CEO Braden John Karony, according to Complex. While Karony was named, the suit says that other top-level executives are said to have also benefited from the scheme.
Feb 22, 2022
Following an announcement that he’d be launching his own cryptocurrency, social media users are accusing rapper Gunna of being involved in a crypto scam , according to new reports from XXL. “Ay @pushinpeth making a crypto metaverse for us,” wrote the Atlanta rapper on Twitter. “@shanemooncharts backing the project, I know this is gonna fly. IM TAKING THIS TO THE MOON JOIN THE TELEGRAM HERE.” It’s alleged that Gunna is involved in what is referred to as a “rug pull.” This is a financial term that coins what happens when an asset’s initial price (in this case, a cryptocurrency) is driven up prior to going live, and then the investments are quickly pulled out. From there, the price of the crypto heads toward zero which in turn makes the asset worthless. Self-proclaimed “on-chain sleuth” and Twitter user @zachxbt shed light on the incident Wednesday (February 3). “Nice scam @1GunnaGunna didn’t even last 8 hrs,” read the user’s tweet. The message also included a screenshot of PushinP...
Feb 4, 2022