The properly-known Youtube influencer and ex-SafeMoon consultant Ben Phillips bought uncovered for orchestrating a pump and dump cryptocurrency scam.
With cryptocurrencies gaining mainstream adoption, influencers have been creating their personal tokens and pitching them to their audiences. However, a substantial portion of these projects turns out to be nothing at all much more than overhyped ripoffs.
Coffeezilla, who has been regarded as the “world wide web detective“, has investigated Ben Phillips and exposed him for maliciously raking in close to $12 million in crypto from pitching SafeMoon to his admirers.
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According to him, Phillips pulled the common “influencer” fraud wherever men and women use their following to inflate the cost and demand of a selected solution or support through various social media channels. He has been executing this considering that 2021.
Here is the complete Ben Phillips Pump and Dump Timeline. https://t.co/37Gj1mi1lc
— Coffeezilla🇺🇦 (@coffeebreak_YT) April 13, 2022
Coffeezilla’s investigation was probable, due to the fact Phillips posted his cryptocurrency wallet on social media as soon as, exactly where all of his transactions have been open to the public. It turns out that ideal after dumping hundreds of thousands worthy of of SafeMoon cash, Phillips would put up on social media and blame it on some “anonymous crypto whales.”
The reality was that Phillips himself was the whale dumping the coin price, with Coffeezilla identifying that the ex-SafeMoon Advertising and marketing Main sold $16M worth of SafeMoon, raking in a internet financial gain really worth $12M.
This was not the very first time that the web detective uncovered an influencer-backed crypto rip-off. Back again in February, Youtuber Ice Poseidon was exposed for rug pulling his investors for $750K and brazenly admitting it.
