Ice Poseidon - real name Paul Denino - a streamer and internet personality has apparently scammed fans out of half a million dollars in a pump and dump crypto scheme. He showed no remorse for the alleged theft when confronted by YouTuber Coffeezilla. Denino's supposed scam saw him raise the value of a new cryptocurrency, CXcoin, by getting fans to invest. He allegedly promised doubters and sceptics that this was a long-term project, but he sold all his currency which caused the remainder held by fans and investors to plummet in value. This is known as a pump and dump scheme.A recent video by Coffeezilla shares the Youtuber's findings into CXcoin. According to Coffeezilla, Denino personally made off with over $300,000, while $200,000 was used to pa✨y developers.
In a call between the two, Denino appears remorseless, stating, "Part of the 💎responsibility is on them [the fans] as well, for putting too much emotion into it." Streamers and internet personalities can obviously leverage their relationsh⛄ip with their fans, just as any celebrity can, so it feels disingenuous to then criticise fans for their engagement with the parasocial dynamic.
Denino said on the call,👍 "Sometimes you have to look out for yourself." Coffeezilla said he could return the money if he wanted to, to which Denino replied, "If you want the answer, yeah I could give the money back, it is within my power, but I am going to⛎ look out for myself and not do that."
Coffeezilla shared a that 🌄claimed Denino would be giving back $155,000 after he realised Coffeezilla would be publishing a story abo🐠ut the events, but apparently, only $40,000 has been returned so far.
Coffeezill꧂a also exposed the former FaZe clan member Frazi🉐er Khattri's crypto scam back in July 2021. The incident led to three members g💙etting suspended, and Khattri getting removed from the organisation. He has since issued an apology and claimed he wants to🤡 retur꧂n the stolen money, but not before he first threatened to sue Coffeezillaꦕ over the video expose.