On-chain sleuth, Zachxbt, has struck once more with a thread on Logan Paul and his alleged litany of shady dealings inside the crypto house. 

Within the thread, the pseudonymous detective revealed a few of the attainable scams Logan Paul has allegedly been concerned in primarily based on his transaction information.

1/ A thread on @LoganPaul and his sketchy observe document within the Internet 3 house up to now. pic.twitter.com/wNmyw5TyFb

— ZachXBT (@zachxbt) May 13, 2022

He was ready to do that utilizing Paul’s public handle, 0xff0, from which he mapped out how funds have been moved out and in from a number of different addresses. For instance, 0xb74 transferred a number of NFTs, together with 3 CryptoPunks, to the principle public handle.

Zachxbt wrote that Logan Paul had promoted a number of pumps and dump schemes over the course of a 12 months. The primary is the ELON token which he hyped in a leak video from his web page.

The video leaked on Could 10, 2021, and by Could 17, blockchain information present Logan had bought his allocation of the tokens. He made $112k off the sale.

In what seems to be an obsession with the Tesla CEO, the subsequent undertaking Logan promoted was $FUCKELON. It appeared he purchased it proper earlier than tweeting that the coin is mooning. Then he dumped the tokens, making $116k from the sale.

6/ Case 2: On 5/17/21 Logan promotes one other pump and dump. His buys occur proper earlier than the Tweet and dump 12 hrs later for a $116k revenue in whole.

The Twitter account for the coin hasn’t tweeted since 5/27. pic.twitter.com/b3gGqfuKmV

— ZachXBT (@zachxbt) May 13, 2022

Logan Paul additionally promoted the Ethereum Max token in his boxing match with Floyd Mayweather. He bought free tokens from the undertaking and cashed them out for $71.8k.

The identical token bought promotions from different celebrities like Mayweather and Kim Kardashian. Those that purchased the tokens are at present suing the builders and promoters for the failed undertaking.

One other pump and dump scheme he bought concerned in was the failed DinkDoink crypto undertaking. Once more, he hyped the coin with movies and tweets, but it surely turned out that the coin was his creation.

Past the crypto pumps and dumps schemes, the influencer additionally milked his followers with non-fungible tokens (NFT) initiatives. One among them was the CryptoZoo undertaking which was Adobe inventory photos with nostril photoshop.

9/ Logan’s different crypto undertaking CryptoZoo blacklisted holders after they migrated contracts.

In an interview with The Block, Logan claimed the preliminary group was problematic however it’s all rectified.

Folks like Bagsy nonetheless haven’t acquired something regardless of following directions pic.twitter.com/57KeVEr68H

— ZachXBT (@zachxbt) May 13, 2022

Whereas the generic nature of the artwork is much less of an issue, the undertaking had blacklisted holders after migrating contracts. Logan Paul, nonetheless, claimed that this was a technical drawback that has been rectified, however many traders are but to obtain their NFTs.

If the allegations are true, it will imply Logan Paul represents the crop of crypto influencers who capitalize on the belief of their followers to shill nugatory tokens and become profitable.