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Coffeezilla

Tron’s [TRX] Total Users Tap 100M; Justin Sun Says ‘Just A Beginning’

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Tron Blockchain charted a new milestone as the total number of accounts reached 100 million. Announcing the same, the team also pointed out that Tron was ‘the world’s fastest-growing public chain with 3.4 billion transactions, millions of daily active users, and continuous daily new accounts every day.’

Echoing similar sentiments, Justin Sun, the project’s founder and former CEO took to Twitter stating that 100 million users were just the beginning of the project’s mass adoption journey and thanked the community for the support. He stated:

“TRON’s total users just surpassed 100 million. It is just the beginning of our mass adoption journey! Always remember there are 7 billion people on this planet!”

Tron Celebrates 4-Year Anniversary as an Independent Blockchain.

Coinciding with the 100 million milestone is the project’s fourth anniversary as an independent chain after its migration from Ethereum on June 25th, 2018.

The DAO team marked the event with a 2018 quote from Sun saying, ‘ Tron is founded on a community of active users who should have their voices heard.’

In terms of Price, the token is exchanging hands at $0.64 with a market cap of $5.98 billion. In the past 24 hours, the 18th-ranked coin has risen by more than 7% in the weekly index.

Meanwhile, its stablecoin project is being called out by a Youtuber who is a self-styled crypto crusader.

Tron’s Stablecoin project might be a Ponzi scheme?

As the digital asset industry continues to expand, Pump and dump scams, as well as Ponzi schemes, have unfortunately become increasingly common.

The latest to face the ire is TRON’s stablecoin USDD, a cryptocurrency issued by its DAO Reserve.

On June 24, Stephen Findseisen, a.k.a. Coffeezilla published a video titled, “The Next LUNA Ponzi Scheme” where the YouTuber cast doubts over the token’s legitimacy.

The viral video which garnered nearly 400k views called out Sun of running a Ponzi scheme under the garb of a stablecoin project.

Following the loss of the dollar peg on June 13, USDD saw a significant decline, with Sun vowing to deploy $2 billion to “fight them”.

TRON’s team is yet to make any comments with regards to Findseisen’s claim. At present, the USDD value stood at $0.97, 3% down from its pegged mark of $1.

Jake Paul Busted Over $2.2M Serial Crypto Scams by Coffeezilla

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Since the SafeMoon class-action lawsuit, Jake Paul has been beneath the radar. He joins many celebrities, including Nick Carter, Soulja Boy, and Lil Yachty, who has called for a jury trial.

Coffeezilla’s freshly unearthed proof will once again bring Jake into the limelight. According to the suit, these celebrities made fraudulent or misleading claims to investors concerning SafeMoon.

Jake’s promotions on Twitter were not labeled as ‘Sponsored,’ according to Coffeezilla. This is a blatant breach of the advertising guidelines of several sites.

Coffeezilla puts Jake Paul under the radar

Coffeezilla decided to delve deeper into Jake’s other projects in the middle of the litigation and commotion. Sacred Devils, Yummy, Milf, and STICKDIX (Jake’s personal NFT project) are among these projects.

Coffeezilla made a comprehensive video on how he conducted his investigation and gathered all the evidence.

He stated that the most challenging aspect of the inquiry was tracing Jakes’ transactions. Even though “everything on the blockchain is trackable and publicly accessible,” he stated.

At the same time, anyone may build an anonymous crypto wallet, further complicating the procedure. Creating anonymous wallets, he claims, poses a complex problem.

Fake wallets make it easier to trace inexperienced influencers. More experienced con artists, on the other hand, are better at concealing their ownership and siphoning off funds “anonymously.”
The main reason for this is that they can generate hundreds of anonymous wallets.

“Jake Paul is sort of in the middle,” Coffeezilla added. He isn’t as stupid as you think he is, but he isn’t as bright as he believes he is.”

The first step in Coffeezilla’s inquiry was to go into his public wallet, “yourmom169.” Jake was paid 39.9 ETH for his Sacred Satan advertising scheme.

Jake duped his community into purchasing sacred devil NFTs, which resulted in complete losses for the purchasers.

Jake Paul led the NFT project STICKDIX, which earned over $1.5 million. Coffeezilla pushed further to locate additional intriguing facts, even though this information is readily available to the general public.

SafeMoon assisted Coffeezilla in busting Jake by using blockchain research and detecting similar scammy practices.

He was looking for a $190,000 transaction from SafeMoon that had been transferred to Jake Paul’s wallet address. MILF and Yummy transactions were linked to the same wallet.

According to the transaction information, Jake Paul defrauded his community for nearly $2.2 million. With the rise in popularity of cryptocurrency, celebrities entice their fans to acquire dodgy tokens to push up their value before dumping them and leaving them with nothing.