Coffeezilla: Investigating the MoonPlace Scam
1 min read
In his newest video Coffeezilla makes hard accusations against the CryptoCurrency Subreddit for launching one of the worst scams in crypto history.
MoonPlace may look like a harmless homage to the “Million Dollar Homepage”, but the fundamentals reveal the fraudulent nature of this project. The “Moon” token required to purchase the tiles were distributed exclusively to users and moderators of the subreddit, giving a very exclusive user group a market manipulating advantage.
On top of that Coffeezilla believes the dev team of MoonPlace is secretly preparing a rug-pull, as the moderators of the Subreddit may be in possession of private key of the burn address.
Watch the video for all known infos.
This revelation was not surprising for many financial experts – they warn investors to get out of all Reddit crypto assets as fast as possible.
The SEC is also worried and announced an investigation against Reddit Moons.
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