Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull
On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750k worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin."
The ordeal started last July, when Denino created the Cxcoin for streamers and content creators on the Binance Smart Chain. Denino then allegedly promoted the coin to his community of followers, telling them that "don't worry, no rug [pull] here all the money is locked [in a smart contract] lol, my wallets are pinned." However, Denino abandoned the project just two weeks later, saying:
In addition to the $300k taken from the liquidity pool, another $200k from the Cxcoin token presale and $250k from a marketing wallet are reportedly missing, yielding a total of $750k worth of investors' funds. Denino allegedly returned a small portion of the misappropriated funds to the smart contracts after public outrage. However, the majority of the capital has not been returned. Later on, when asked by Coffeezillaa as to how much money he made off the "scam," Denino cited 55% of the money going to himself, while 45% going to developers, leaving him with a cut of approximately $300k.
To Be Fair, You Have To Have a Very High IQ to Understand Crypto Scams. but actually it's incredibly simple ---- if Ice Poseidon made $300,000 from two weeks of cryptoscamming, where did that money come from? from thin air? https://t.co/v5aaMDZhDT
Regarding the whereabouts of the funds, Denino allegedly purchased a Tesla only days after the capital went missing. With comments on his Twitter account suspended, many users took to Youtube and
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