YouTuber Steals $500,000 By Fooling Fans Into Fake Crypto-Scheme, Buys A Tesla With Stolen Funds

YouTuber Steals $500,000 By Fooling Fans Into Fake Crypto-Scheme, Buys A Tesla With Stolen Funds

▫ Popular streamer Ice Poseidon (real name Paul Denino) has been accused of stealing $500,000 from his fans by urging them to invest in his now-defunct cryptocurrency project CXCOIN.

▫ A cryptocurrency that he supposedly created especially for his pump and dump operation.

▫ After promising his fans that this would be a long-term investment, the streamer pulled the rug out, causing the coin to collapse to almost nothing.

▫ YouTuber Coffeezilla recently revealed the scam in a video. Denino stole more than $300,000, and he used the remaining $200,000 to pay the developers. According to sources, he then used some of the remaining funds to purchase a brand-new Tesla.

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