Do not listen to an influencer promoting a coin!
Here are a few influencers who did or were involved in a crypto scam and got caught, there are/will be dozens more, because they are getting away with soft/no punishments.

Kim Kardashian – EthereumMax (EMAX)

Kim Kardashian was one of several celebrities, including Floyd Mayweather and Paul Pierce, involved in promoting a cryptocurrency called EthereumMax (EMAX). The project was accused of being a “pump and dump” scheme, where the price was artificially inflated before the creators and insiders cashed out.

Amount Lost: Investors claimed losses of millions, though the exact figure is debated. Kardashian settled with the SEC in 2022 by paying a $1.26 million fine for failing to disclose that she was paid $250,000 for promoting EMAX on her Instagram account.

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2. Floyd Mayweather – Centra Tech & EMAX

Floyd Mayweather promoted both the Centra Tech ICO and EthereumMax. Centra Tech was later revealed as a fraudulent ICO, and its founders were arrested for defrauding investors.

Amount Stolen: Centra Tech raised $25 million in its fraudulent ICO. Mayweather was fined $600,000 by the SEC for his involvement in the Centra Tech promotion and $400,000 in connection with EthereumMax.

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3. Jake Paul, Nick Carter, Soulja Boy, Lil Yachty – SafeMoon

All were part of a promotion for SafeMoon, a cryptocurrency that faced allegations of being a pump-and-dump scheme. The founders and influencers allegedly hyped the coin, sold their tokens at high prices, and left investors with worthless tokens.

The total losses associated with SafeMoon are difficult to quantify, but the market cap reportedly dropped by billions at one point. Several lawsuits followed, accusing influencers of profiting while regular investors were left with steep losses.

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4. FaZe Clan Members – Save the Kids Token

Several members of the gaming group FaZe Clan, including FaZe Kay, FaZe Jarvis, FaZe Nikan, and FaZe Teeqo, were involved in promoting a token called “Save the Kids,” which was purportedly created to donate to charity. However, it turned out to be a pump-and-dump scam, and the coin lost nearly all of its value shortly after launch.

It’s estimated that the scam resulted in hundreds of thousands, if not millions, in losses. The exact amount is unclear due to the anonymous nature of cryptocurrency wallets, but the project collapsed soon after launch.

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5. Logan Paul – Dink Doink, CryptoZoo

Logan Paul promoted the cryptocurrency Dink Doink, which was created as a meme coin. It was marketed heavily on social media but quickly lost almost all of its value, with investors accusing Paul of misleading them for personal gain.
Paul was also involved in the CryptoZoo project, which was promoted as a blockchain game with NFT eggs that would hatch into animals. However, the game never materialized as promised, leading to accusations of fraud and a backlash from investors. Paul later apologized and offered a refund to some of the investors.

The total loss for investors was substantial, especially in CryptoZoo, where millions were lost, though the exact figures for both projects are unclear.

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Tana Mongeau – Titscoin

Tana Mongeau promoted a coin called “Titscoin,” which was part of the larger wave of meme coins. While the project did not lead to major legal action, it quickly faded from existence, and many investors lost money after its value crashed.
Amount Lost: There’s no clear figure on how much investors lost, but the project was relatively short-lived and associated with significant value decline.

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Adin Ross – MILF Token

Adin Ross, a popular Twitch streamer, was involved in promoting the MILF Token in a livestream, encouraging his followers to invest in the cryptocurrency. However, after the promotion, the token’s value plummeted, and Ross later admitted on stream that he had no idea what MILF Token was and that he had been paid to promote it without much investigation. The quick price crash led many to believe the project was a pump-and-dump scheme.
Amount Lost: While the exact amount lost is unclear, investors were left with worthless tokens shortly after the promotion.

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Let’s see how long this post will last before a complaint