- 0xJaypeg denied selling tokens, but blockchain evidence showed otherwise, damaging his credibility in the crypto community.
- Despite claiming innocence, 0xJaypeg’s wallet transactions and timeline exposed his involvement in the $2.2K token sale.
- The influencer’s repeated lies about the token sale scandal raised serious concerns about influencer trust in the crypto.
Influencer 0xJaypeg has been accused of misleading a community for personal gain in a token sale incident. Several allegations emerged over the weekend, purporting to show that he conned a project team out of $2.2K in tokens. The scandal has spurred discussions about the integrity of some influencers in cryptocurrency.
1/ A short story about how the influencer @0xjaypeg got caught lying to the community three times this weekend about an allocation for a project all for $2.2K. pic.twitter.com/Nvb5ZqsaXN
— ZachXBT (@zachxbt) October 20, 2024
The situation began when a project approached 0xJaypeg to promote their meme coin in exchange for 2% of the token supply. Shortly after sharing his wallet address and receiving the tokens, 0xJaypeg deleted the message and denied receiving any tokens, shifting the blame to the project. Despite multiple follow-ups, he maintained that the wallet didn’t belong to him. However, the blockchain provided a different story.
Token Sale and Denial
Upon selling the tokens for approximately $2.2K, the project team confronted him. He continued denying the transaction, stating he had no involvement and had not received any tokens. Furthermore, he claimed the messages and wallet address were “photoshopped” in an attempt to frame him. To back his innocence, 0xJaypeg donated $2K to charity, presenting it as proof that he wouldn’t sell for such a small amount.
Blockchain Evidence Exposes the Truth
Despite his denials, blockchain evidence pointed to the wallet associated with 0xJaypeg. The project team screen-recorded a Telegram conversation, proving that he was involved. Moreover, the transaction timing matched his posts about receiving a Saga phone and disbursements from another project. Consequently, this evidence contradicted his claims, exposing his dishonesty.
This situation serves as a reminder for projects and followers to be cautious when dealing with influencers. Despite their large followings, some may misuse their positions for personal gain. The incident has severely damaged 0xJaypeg’s reputation. His repeated lies have raised doubts about his credibility in crypto. Moreover, it remains unclear if this was an isolated case or part of a broader pattern.