Busting a $20,000,000 NFT Scam (Squiggles)
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- Uncovering a ring of NFT Scammers and exposing them before they were able to make $20,000,000 with Squiggles, an NFT project that recently appeared and got delisted from opensea. Including the series of shadow wallets that got involved in pumping the volume for Squiggles and explaining what that could mean. .
Oh and by the way, they were involved in MoonPortal too
the 60 page dossier: twitdoc.com/upload/nft_ethics/...
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3D Artist: Ed Leszczynski / ed_leszczynski
Video Editor: Harry Bagg / harrybagg96
This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. - บันเทิง
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If someone has to say "I'm all about my morals" out loud as a defense, they're most definitely not "about their morals".
Right? That's like somebody bragging about how humble they are.
My "I'm not a scammer" T-shirt has a lot of people asking me questions answered by my shirt....
correct it's like the guy that say some weird shit about kids with no one provoking it you always have to watch those people.
Remember he’s not trying to “Ferment Fear”…he’s not about to throw yeast
About their money
If a person ever says "Its all FUD" when defending themselves, I will burst out laughing and shit my pants in laughter.
You should probably talk to a doctor about that last part… 😁
Yeah man, irritable bowel syndrome is some serious business. xD
Confused how someone scamming people with NFTs is any different than a "normal" NFT
I'd say 70% of the market is like that.
exactly what I was thinking
I mean you could say the same thing about modern art in general. NFTs are just especially worthless both from a value and artistic perspective.
@@SupremeChimp u have no idea what a nft really is do u
@@SupremeChimp Modern Art is all about perception. It is all based on someone telling you the value. The difference between modern art and a NFT is the emotion that is actually poured into a modern art painting. A NFT is just some clipart jpeg duplicated 30 times with different accessories. I only say that based on the most popular ones people are going nuts over. There are actual NFTs I have purchased and use a background but they cost pennies on the dollar compared to a monkey with a nose ring.
You know someone’s being truthful when they’re frantically explaining that they’d never hurt anyone and that they don’t even know how they’re involved
Bro imagine how terrifying it is to be running a crypto scam and then getting a DM from coffeezilla... dudes probably shit their pants.
So scary to face no consequences.
Yeah as long as there are no actual laws in place a DM from coffezilla means..nothing, they're gonna set up new fake accounts get new strawmen make more millions..NFTs are a fucking cancer
Not terrifying at all considering this cancer gets away with it.
@@deathtoraiden2080 yeah, but even though prison isn't on the table, exposure means less victims and less money, which I think these assholes care more about anyway.
@@anonymous_jug eh they already made their quick dollar. Doubt it matters much to them. More so their reputation but even that doesn’t mean much to them if they are doing this. They’ll continue in anonymity like all scammers with no consequences.
Crazy to see how much you've grown as a creator in the last 12-16 months. This was amazing. Great job
Where are you? and where am I?
The same could be said about you!
you are great too spencer
Wow you now have 401k subs Haha
Your on your way Spencer. Lets claim it 💜💛
I’ve worked with all of these guys on a rug called Portal. Didn’t know it was a rug before but they ended up screwing me over. Glad to see your shedding light to the shit they’re doing
It seems crazy to me that anyone could buy into any nft without thinking it's a scam.... Like.. even if the person behind the project is totally above board and not scamming anyone... You're still buying an nft..... You're buying nothing. How could that be anything other than a scam?
It's like buying a rare collectable except one day your collectible could just be gone forever (since the databases with the images are off chain and could just be taken down). If you want to do this, go buy trading cards. They have slightly more utility (if you get a card that has some in game value) but are also physical things that will stay the same.
To be clear, I do not advocate investing a lot in collectibles (a bit of diversification into the market is probably fine), but if your going to buy an NFT just buy a collectibles instead I beg
@@Drakshl Can anyone explain me about this NFTs thing? I understand the concept of digital property.
But how are people buying a bunch of "art" that's being made on the spot and who are even the artists doing these pieces of heart.
Majority looks like shit and the same...I've even seen straightforward paint designs.
How does the scam actually works?
@@redleeks6253 Watch "Folding Ideas" nft video, it's long but a good breakdown of why NFT's are so scummy and how it all works.
@@redleeks6253 it's about how a conman met his first fool. You don't really need to understand this MLM movement it's all shit.
South Park nailed it again
as a working designer/artist, i feel bad that artists have been screwed to such a state.
Now they prefix their title with the word “scam”, scam artist.
Yes, years ago I thought nfts would help artists. I am not so sure now.
Why don't u make some nfts
@@michaellikes780 Maybe he isn't an idiot/scammer, or maybe he actually values art...
@@noobiusmaximus6314 if you're a legit artist then why not try and make it into an nft
Appreciate this channel fr. He don't just report a story everyone else already reported 7 times. He finds a story, then goes further to find evidence, wallet transactions, and even contacting directly to get all facts out. Goated reporting
Your mom is a goat reporter.
he's often the first or one of the first guys with the story, then they'll be a dozen or so youtubers that react to his video. i notice it in my subscriptions all the time lol
@@JewTube001 lol and those reactors all get twice as many views. damn shame.
@@JewTube001 lol big facts, we're about to see this story like 6 more times from other channels now that he dropped this.
@@jnnx That's only on the weekends bro. She mainly focuses on goats, but sometimes she reports on lambs too.
I’m old but stay informed. You do great work. Something I’ve noticed. The motivations, techniques, and mentality have not changed in my lifetime. Neither have the motivations and weaknesses of victims.
Why would they bot their own mint? Then list it lower? Seems attacked.. not fair.
He spitting facts tho 💯
u new in NFT lol
Seems attacked? How so? They are making fake volume to create FOMO are u stupid
Because they generate volume and cash and it cost them nothing
They're buying dog s*** from themselves and selling it lol
Lmao I was actually approached by this Gavin dude to do artwork at one point late last year!
Kinda sussed it out when I saw he had no real activity relating to NFTs or artwork. Large follow count and minimal content was a huge red flag as well. Sounds like I dodged the sweatshop.
GG fella
Reputation saved
Coffeezilla is a national treasure, we must protect him with our virtual armies.
Maybe make a coffeezilla NFT series in his honor ;p
The clone army stands ready
but the internet is international, can't he be a global treasure?
if hes a national treasure wich nation?
@@mayabergsdottir9622 good idea, best that we don't mention it to him until after the launch.
The anime army stands true "SHENZUU SASAGEYO!!"
"I'm all about my morals" - A man who is not, all about his morals.
Also Mr. Smart Guy: "People are just trying to *ferment* fear." lol (It's "foment," kids)
You are doing great work dude. We need more people out there holding people accountable. Keep up the great work.
Iam imagining scammers upset and slamming their fist to the table when they notice coffeezilla finding them "NOT THIS GUY AGAIN"
Aren't all NFT's scams? Everything I read about NFT's has to do with FOMO, Getting rich, money laundering or gambling.
Yes, they are heavily misrepresented as owning art, when really they own a spot on some companies database which I'd represented by a computer generated image, or that's what I understand anyways.
There's a video titled "what really is an nft" or something like that, that explains what they really are.
Yes.
No. They're not. Maybe if people would figure out that dumbass cartoon lions and apes do not entirely define the actual concept of an NFT then this would be more common knowledge. You're just lumping in the absolutely stupidest applications of it with any legitimate ones.
If you want an exhaustive explanation check out “line goes up” by folding ideas
@@michaelhaydenbell they literally are images that symbolize ownership on a block chain, u have to be stupid to believe u will make money buying these
I love the fact he uses influences from the 2x’s product, and puts his own spin on it.
This is top tier content, mate. Charge on.
PLEASE NEVER stop doing this. We're going to need you exposing these people forever and you're SO good at it! Hahaha but seriously, thank you. I appreciate knowing you're out there doing this work so I can rest a little easier as I try to make my small dent in the world :)
We shot you some emails about a massive crypto scam over the past few months... Hopefully we will hear back as the investors who were stolen from would at least be comforted by your coverage - since the authorities are doing nothing about it!
Let me guess. about 0XSifu? That guy deserves to be on Zilla’s show.
Time wonderland
It’s high key their faults a lot of people have been warning others about the scams but they still take the risk
@@cxnt.2861 Please stop using the term "high key". You sound stupid. You're either better than that or you're not. Do you.
@@BobbiDigitals you really expected something else from someone that calls himself "Cxnt." ?
Can never get enough of these scammers getting busted
They are smarter than u
too bad they still getting crazy money wit these scams!
@@simp2234 lmao "smart"
@@simp2234 username checks out
This was so well done. You're great at what you do man.
Coffee, you're starting to figure it out. Devs do this on nearly every coin. The entire shtick is basically convincing people that it's a legitimate project. Every dev team buys their own project; they'll even time it during specific marketing campaign's to make the volume seem legitimate. These guys run around obscuring their identity. They'll hire people to pose as CEO, marketing this, community manager etc. They'll have 90% of their own token spread through 5000 wallets. Everytime somebody buys 1000$? They'll sell 900$
I'm starting to think the $10,000,000 studio is actually CGI.
I hope I'm wrong but I have had my doubts these past few months.
Coffeezilla EXPOSED
How old are you?
@@tiptopanteater7713 How old are you ?
If it’s not real, I’m selling all my shit coins.
How can anyone not be proud to follow this channel? Well done on more hard work exposing yet another scam, I hope these kids get some good jail time and learn from it, although most scammers of money and fraud get away with it like some of those live streamers you spoke about in the last few weeks. Keep up the amazing content! Glad I found you!
Idk, his new hairdo is difficult to be proud of
Idk why I read this like “how can anyone be proud of following this channel” lol
@@YUHHH_BUDDY i read it the same way at first wasn't only you lol
@@YUHHH_BUDDY I read the same thing at first lol
@@rolo951 he shaved his head because he didn’t hit 1 million subs in December. He stood by his word. If anything that cut shows he’s legit
These young men seem like they would fit in with the management culture at E.A. Games They have a bright future ahead of them.
I wish I had a actual number of how much you’ve saved people by calling out the scams
I don't know man. If you threaten my parents with stuff like that, things are going to escalate rather quickly. It's one thing when internet tough guys want to threaten you from a faceless avatar. It's totally different when you know who's on the other side of that screen
🎯
🤡
All it takes is the really wrong person.
Yeah not sure why you wouldnt just turn those messages over to police. Especially if you know exactly who its coming from. Threats of violence/death and the like are federal crimes.
Ya but the situation a lot of the time is they know everything about you, prolly run background check and find all your socials and family members etc and all you know is their fake profile and google voice #. It happened to me recently and dude starts messaging my fiancés mom to show how serious he was.
Appreciate not only Coffeezilla but all channels that call out scammers and even go further to protect those who are vulnerable like seniors. These people are the worst.
Okay, dangit! I'm subscribing! I have to admit that I watch your show because of the excellent production value, your writing and presentation. Well done!
First video I’ve seen - amazing delivery no BS straight to the point. I subscribed, thank you!
Damn Coffeezilla be clickbaiting us by putting hair in his thumbnail.
Exactly lol
Haha
Another rugpull
"I'm being deadly serious... ... ... .. .. .. . . . . . . lol."
Lol.
Keep doing this amazing work! You’re a gift to the world thank you!
These new cuts to a 30/45° semi-profile camera are pretty cool. Like something you'd see in a big production documentary. Keep up the good work!
I'm all about my morals and by morals I mean money lol
Fr 😂
Wow, now the bots are sentient?
Oi.
@@BleachDemon707 ? Wdym
It's totally respectable that you watch Coffeezilla. Love your content, Tom. Keep up the great work, dude.
@@Daniel-yc2ur If you dont understand the level of botting going on, you should prolly DYOR lol.
Big ups to CoffeeZilla, uses his blockchain knowledge to expose these frauds
that was dope to be sure
This is sad and yet informative. Great job, Coffezilla!
The moment someone says "FUD" you know they're running a scam
Im so glad Coffeezilla got burned in the past and felt the need to dedicate his time to preventing others from the same situation!!! Ur the man!!!
On the money there bro:)that scammer that ripped coffee and never paid single handedly cost his industry billions of dollars annually :)
Any NFT's that involve an image with no alternative value or usage case is a scam. Even if they do have an alternative use, 99% of the time, it's a scam. Don't buy NFT's. In the future, maybe they will be different. But right here, right now, NFT's have no value and if anything, are making it harder on themselves to grow into something better.
Too late.
Stupid ass take.
Agreed
@@TrendingOnYT Sorry he's shitting on your brilliant idea of rug pulling some image file based NFT.
@@TrendingOnYT It is simply the truth. NFTs are useless to anyone except to those that find a sucker that buys them from them.
Ur officially the best internet tech scam detective, been here from Siraj scam time. Loving how this channel has grown (scope and depth of scams)
You had every opportunity to say "From my 10 million dollar studio, I will be talking about this 20 million dollar scam"
Only thing I’m investing is my time, watching coffee expose these scammers
I'm glad Captain Content brushed up on his English and stopped doing IRL to expose Scammers! Good work Captain!
Just found out this amazing channel. You are an amazing dude with an amazing quest. Keep rockin
Forget these NFTs, pump the Zilla stocks! You are a legitimate detective Zilla. Love all your work 💕
I don't ordinarily attribute intelligence to trustworthiness, but it's interesting how many of these scammers make small mistakes using the wrong word in an effort to sound smarter than they are. Saying "ferment fear" instead of "foment fear" doesn't mean anything at first glance, but it does make me think this is someone who is trying to present themselves as more knowledgeable and therefore more trustworthy.
Reminds me of people that say you will "loose your money". How tha F do you not know the difference between lose and loose AS AN ADULT is beyond my ability to comprehend.
"ferment fear" because you can turn it into a beer I guess 😆
@@ultimamage3 need me some alcoholic fear
@@reveriemate Fear is the best mood-altering drug
@@id10t98 I agree with what you're saying.... But it still gets to me that you said 'tha'..........
Holy shit dude, this is CRAZY! 🃏
Absolutely awesome investigation again Coffee, you're the best hands down! ☕🦖
Its sometimes so exiting to watch your content, i could easely watch 60minutes clips at latenight like a Columbo crimeseries. Love it.
Buying NFTs is the equivalent of buying a balloon in international free balloon day. Even if they are a scam or not, which in a lot of cases they are, the whole concept is incredibly dumb
But, like a balloon, they will only go up (until the pop) /s
Atleast a balloon is a tangible thing you own, NFTs are literally nothing.
The fact someone would spend 5-6 figures on a jpg but have never purchased physical art
I'm inundated with this NFT shit from all angles lately. So glad to see Coffeezilla is covering this scene now!
Genuinely great content and work, respect
He’s all about his morals, sure. His morals just include being ok with deceit and robbery.
Ha!! True, he never stated what his morals entail
CoffeeZilla out here doing Gods work taking all these people down and doing it with style and class!!
LOVE YOU COFFEE!!!!! The world needs more yous
I've come to realize that anyone who says "FUD" unironically is either scamming or part of a cult (which is likely a scam).
Totally agree, look at the most prominent examples, the GME and AMC cults, everything is FUD except their stock going to one million a piece 😂
Lowkey lmao
@@Dantehhhhh have you read any of their DD or you just assuming?
@@hoviv_ I have. It's a scam. Next question.
Dude you're doing the amazing work! These scammers need to be exposed
Ur almost at 1 mil bro let’s goooo keep up the good work💯
Long time sub. I love the new editing style you used on this video. Very captivating! The second/side camera stuff is really cool!
Threatening to kill someone is an actual offense unlike crypto scams... hopefully they did actually make these threats and law enforcement can step in and arrest them.
Right. In your country scam ain't illegal eh?
As fraud aren't crypto scams an actual offense?
@@Jinkypigs not if Libertarians have their way!
"Scams arent crime unless threat is involved"
loved the 999999999999999999999999999 iq logic
Scams do the work of natural selection
“NFT projects with the appearance of trust and quality” no such thing that’s an oxymoron.
Coffee the GOAT man, you just have to love him.
I followed coffe since he had that nice song at end of videos. So glad you made it
These nft dude bros are like std. The gift that keeps on giving.
the original report was written by other members of the community. And it was all traceable thanks to blockchain. people will launch scams on different mediums but there's good people/projects in nfts too
That's not nice. You apologise to those STDs now or there will be no supper!🤭
what the fuck does that even mean
@@theluigifan42 It's a play on chlamydia..the gift that keeps on giving? C'mon luigi put it together my man (it's very VERY transmissible)
@@brazenlilhussy5975 I don't get it
Hey coffee, you should sue the guys who installed the fan on your 10mil studio. They installed the fan backwards, it's pushing air up to the ceiling.
what are you talking about?
Fans go both ways my dude.
@@idonthaveonewhy no they don't. Fans push air with angled blades. Very much like how propellers work. If you rotate it the other way, it will push air the opposite direction.
@@pharydkobra Typically that they call a "winter" setting.
@@pharydkobra yeah, you can toggle it to spin the other way
The scam culture just gets worse. I receive so many spam calls, emails, and texts since covid.. then this cesspool? We humans are wild bruh
Awesome stuff Coffee!
Nothing more serious than a message that says “I’m being deadly serious… lol”
Yeah I found this hilarious too.
The gift that keeps on giving.
Love the haircut, man. Great video, as always.
I'm happy you're finally near that million, took us some time but well worth it
Depending on jurisdiction those are actionable threats, so forward them on to the FBI or other police agency.
Coffee is one of the only youtubers who's videos I watch every single time I see them in my subscription box without fail
A great narrator, great detective 🕵️♂️ great storyteller. 👏 congrats on 1 million!
I haven’t watched coffeezilla in sooo long 😭😭
Love what u do, coffee. Keep up the honest journalism
“Get my parents fired” lol imagine some 18 year old calling their boss saying they need to be fired 😂
Keep it up man good work
This would be a huge exposee but coffee fans know we already know the drill after all his other quality deep dives
Yo, if they actually did put out fake accusatory articles claiming that people committed SA against minors, that shit NEEDS to go to law enforcement. Same with the death threats and vague threats against families. But especially if you're making accusations that could ruin peoples' lives and careers, as well as muddy the waters on the safety and wellbeing of children, the legal system and police need to be involved. Scamming in an unregulated market is shitty behavior, but false flagging criminal activity and threatening people with violence is outright illegal.
Law enforcement has proven that they don't treat threats seriously.
@@TheJerbol *unless you're famous/well connected enough
I wish this NFT craze/trend would die in a nuclear fire. So tired of having NFT and Crypto ads shoved in my face everywhere online.
I am constantly getting an AD from color museum even though they get hard roasted in comment section and unable to answer any questions on their business model.
@@vikraal6974 hello fellow redditor lol
@@MystificationSwarp ? and?
I joined this channel when you had just got going. I had met that Jetsetfly fruit cup and couldn’t stand him. He wreaked of a slime ball narcissist and sure enough 6 months later you exposed tf out of him lol You’ve come along way! Killing it
i have to say the first message to be "hop on a call, ive got a few questions" is very menacing
It’s amazing how many scammers there are now, keep up the good work zilla 🤟
Keep up the great work Coffee!
Just got here... but I'm 100% binge-watching this channel 🍿
Kinda sad that there's enough scams you can build a whole career around exposing them
love your content. it would be cool if you did a breakdown of price then compared to now like you did with celbrity nft. be interesting to see how much some of the earlier scams are priced now since they have been outed.keep up teh fight
"I'm all about my morals, bro."
What was it that dude said about guys who proclaim themselves "king"?
"Any man who must say I am the king is no true king".
- Tywin Lannister
How to tell if an NFT Project is a scam in 2 easy steps:
Step 1: it's selling NFTs
Step 2: there is no step 2
With the amount of money floating around, and types of people on the peripherals of big money projects, I'm not even joking....I hope Coffeezilla is immune to doxxing
This is the second video I’ve come across from you where I’ve been super invested and interested. I probably should subscribe! (I did)
Question, when is a NFT not a cash grab? Genuine question, since you said that what they put out is just a cash grab every time.
There are some potential niche uses, but every current implementation is at best a speculative vehicle.
Coffee zilla talk about the blackpill and the truths
Yeah its a lot of Redpill scammers
Congrats on 1mil subs ahead of time!
Coffezilla straight up on some Superman trying to stop the train all alone shit. The hero we don’t deserve.
Great work as always 👍🏻