Popular crypto influencer Pauly accused of Millions of Dollars Fraud.

[ScamViruS]

Influencer Pauly has been accused of serious fraud. After Pauly created an altcoin called Pond0x token and created hype among his followers, he dumped Pond0x tokens among his followers investors. Due to these fraudulent activities investors have faced huge losses which are estimated $2.2 million. This incident proves again why crypto users should not give influencers too much importance and blindly trust their advice. These influencers will one day take advantage of the trust of their followers and take large amounts of money by creating a scam project.

Pauly's Twitter : https://twitter.com/Pauly0x

Website: https://www.pond0x.com/



https://www.dextools.io/app/en/ether/pair-explorer/0x8ad66fb25748af9b94f56824bb2fdf347dc9c618

https://twitter.com/RuneCrypto_/status/1684959197526405121

Source:

https://cointelegraph.com/news/pond0x-token-launch-snafu-leads-millions-dollars-losses
https://www.investing.com/news/cryptocurrency-news/pond0x-token-launch-snafu-leads-to-millions-of-dollars-in-losses-3137983
https://coinmarketcap.com/community/articles/64c4c120ab98f466e8614555/

Domain Name: pond0x.com
Registry Domain ID: 2784213364_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.google.com
Registrar URL: https://domains.google.com
Updated Date: 2023-05-25T21:43:56Z
Creation Date: 2023-05-25T21:43:55Z
Registrar Registration Expiration Date: 2024-05-25T21:43:55Z
Registrar: Google LLC
Registrar IANA ID: 895
Registrar Abuse Contact Email: email@google.com
Registrar Abuse Contact Phone: +1.8772376466

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[acroman08]

reading the article, looks like someone fucked up(or did they )

anyway, the investors are also at fault for investing in an altcoin like that. seeing Pauly's most recent post on his Twitter seems like he doesn't care about what happened. also, it looks like he has an upcoming trial this July 31

people really need to have better decision skills when it comes to investing and handling their money.

[BD Crypto]

Thanks for sharing OP. That's why I hate these centralized altcoins and never recommend anyone to invest in such suspicious projects by being greedy to make huge profits easily.

These scams are increasing now because they want funds for upcoming Bull season of Bitcoin. So why you will trust another one when you have Bitcoin to choose? If you still want to make partial investments then why you don't choose top ranked potential altcoins? They are much lower now and will gain surely. I saw several projects who promote to buy their tokens but get crashed by the team. I remember many projects are not just vanished because team sold it all and scammed their investors. So never go for a suspicious or a centralized project any more.

[tabas]

These rugpulls have been common to these influencers that have the idea that their followers will surely buy whatever they feed them. Even they feed them with literal shit and shitcoins, these followers are the blind ones and they don't mind to follow whatever they say. I just hope that this influencer will get sued and there will be a victim that will come into light and will pursue on what this guy did. Since he's a public figure, anyone from those victims can seek help from the authorities and state what has happened with this rugpulled project that he has made. It's also possible that these victims go with a consensus so that they can file a case against him and so he'll get sued. There's power in unity and if that happens, the other influencers that have been shilling and feeding shitcoins to their followers will see that they can't just do that anymore. I know that there's also the fault from these investors and followers but they've been victimized and blindly attracted to these influencers and misled.

[ScamViruS]

anyway, the investors are also at fault for investing in an altcoin like that. seeing Pauly's most recent post on his Twitter seems like he doesn't care about what happened. also, it looks like he has an upcoming trial this July 31

When investors fall prey to scams, most of the time they invest in various projects without being able to control their greed. And this is where big influencers take advantage. Because influencers know that greedy investors will blindly trust them and invest in their promoted projects in hopes of 10x-100x returns.

And Pauly and his team have already taken millions of dollars from the market by executing this system perfectly. Crypto investors should learn from such incidents and make themselves experienced so that they can be safe from such scams in the future.

[JeromeTash]

Maybe sometimes people just need to learn certain things the hard way. The mentality of believing and blindly just following what this crypto influencers just say without questioning their motives or at least carrying out due diligence is horrible.

There are so many greedy monsters out here where money is involved. They will do whatever it takes to grab it quickly and won't even give any single F**k about the plight of the victims.

[ScamViruS]

PNDX dumping is happening in such a way that there is no hope left for investors. Another experience added for the crypto community is how so called influencers can be greedy for money. If you check Pauly's Twitter account, you can see how arrogant he is still, even after such a big incident, it seems that these things have no effect on him, he does not even repent. That means it might have been his intention.

[Aanuoluwatofunmi]

We need to be very careful and always at alert because those crypto influencers we so believed in everything they are saying or offering us are not doing them for our own sake but for them to get paid of what they were been asked to do, in so doing, we easily get carried away sometimes and believe them and even go to an extent of rendering them what they requested of us and we also accept every offer they present including their sites and services they do, later after having their experience then we regret knowing them or having something in common with them before.

[PX-Z]

What a f*cked up trading chart is that 🤣. Looks like a new listed coin, he should wait until it reaches good ath and let his investors trade first before dumping lmao. This looks really shit and getting sued is well-deserved. I hope investors win and fines will f*ck his life due to his sc*mbag decisions.

[nutildah]

The chart looks worse than the Squid Games token chart. Something I didn't think was even possible.



IT WENT TO ZERO. OHHHHHHHHHHHH!!

I've know this Pauly0x guy was full of crap for a while now. It became especially apparent when he started shilling $PEPE so hard. But there's a certain segment of Crypto Twitter that idolizes people based on their ability to scam. "He's so good at being full of shit that I admire him" seems to be a common mentality among hype-driven shittoken traders.

[ScamViruS]

What a f*cked up trading chart is that 🤣. Looks like a new listed coin, he should wait until it reaches good ath and let his investors trade first before dumping lmao. This looks really shit and getting sued is well-deserved. I hope investors win and fines will f*ck his life due to his sc*mbag decisions.

He preplanned Rugpull. Because he knows when his followers investors can easily be fooled, why would he put more money into the market and drive this shit to huge ATH. Everything he did was a win win situation for him, he created a shitcoin listed on Dex and took money from the market without spending any money on marketing. What he has done is definitely a punishable crime, let's see if any victim of this scam takes any action against Pauly.

The chart looks worse than the Squid Games token chart. Something I didn't think was even possible.

What he has done is beyond the imagination of his followers. Crypto investors have witnessed yet another historic scam. Charts like this are a nightmare for a crypto investor, no investor would ever dream of a chart like this.

[coin-investor]

We cannot have an influencer-based token now, the market and the community are past that now we are already more than a decade we should be focusing on innovation and what the project can bring something to the community, this is a trend type of coin that will eventually vanish, the site is weird looking just can't believe that some investors falls into something like this.

https://www.pond0x.com/

[Yamane_Keto]

Such behaviors will decrease if cryptocurrencies are regulated as assets or shares that are traded because what happened is manipulation to harm the interest of investors. I do not know whether future rulings will be made retroactively or not, but is it not possible to prosecute such fraud?
I hope that it will not be an influential loss for the families of these investors. Blind trust in things they are famous for because they have thousands of followers is a behavior that must be changed by many.

[LogitechMouse]

The chart is the same as Squid Game Token that happened years ago as shared by a post above me.
One word I guess. DAMN!!!!!!!!!. Rug pull Baby.

Anyway, this is the main reason why I'm not following any Youtube crypto influencer that has a content of like sharing a new project, sharing the pros, and cons of that project etc. because they don't care about the investors getting scammed. At the same time, we can't blame them if we got scammed because they always say with their videos "Do your own research. This isn't a financial advice blah blah blah." This is their magic word so that they will not be blamed if something bad happens with the project they shilled.

Overall, just stay away from the coins that these influencers are shilling, or maybe just stay away from them completely.

[Lucius]

~snip~
Overall, just stay away from the coins that these influencers are shilling, or maybe just stay away from them completely.

That's really good advice, but the world is full of naive and greedy kids who just want what their idols have, which is a luxurious villa with a pool and of course some great car to brag about. However, only cases when someone grabs a few million come to the public, and in fact the biggest scams are those that do not attract the attention of the public, because a few tens of thousands of $ are no longer even worth mentioning.

That's why such things should really be regulated in such a way that not everyone can make their own token and put it online for sale. In other words, people should be protected from such fraudsters, and those who do this should be severely punished as a message for all others who think of such things.

[rat03gopoh]

He's just an influencer of nft art and meme tokens, all tweets are bullshit. And at the climax of this time, he organized a scam project against followers who were almost all impulsive airdrop and free sweeptakes hunters. Everything went as expected.

[Pmalek]

Influencers are prostitutes minus the sex part. Why anyone would take them and their predictions and recommendations seriously is beyond me. Besides being a shiller, this dude also created a scam project that people invested in surely without even knowing why. It's sad that people don't know any better, and that things like this will continue for many years to come. Internet and crypto is a dangerous mix for the stupid and the naïve with access to money. Those smarter than them will find ways to exploit that stupidity.   

[albon]

Influencer Pauly has been accused of serious fraud. After Pauly created an altcoin called Pond0x token and created hype among his followers, he dumped Pond0x tokens among his followers investors. Due to these fraudulent activities investors have faced huge losses which are estimated $2.2 million. This incident proves again why crypto users should not give influencers too much importance and blindly trust their advice. These influencers will one day take advantage of the trust of their followers and take large amounts of money by creating a scam project.

The people who bought PNDX made colossal mistakes. First, they trusted Pauly blindly as a well-known influencer who wouldn't drag them into the mud. The second mistake was that they bought this worthless meme coin that is considered a shitcoin that interacts with the hype. The third is that they didn't read the PNDX currency contract address, whose contract contained a harmful function called _brutalized, which can be used to redirect funds from anyone’s balance, and addresses can be manipulated. The fourth is their greed which made their first goal to obtain large profits without thinking about the consequences and potential risks.

The loss of $2.2 million dollars of investors’ funds in such a scam currency is a miserable and sad case. This case has topped the headlines of popular news blogs. I hope that people who lost their capital learn from their previous mistakes and do not be attracted by any well-known influencer or YouTuber or whatever his experience, fame, or followers.

[malcovi2]

he organized a scam project against followers who were almost all impulsive airdrop and free sweeptakes hunters. Everything went as expected.

This is not aimed at airdrop or free sweeptakes, it was targeted at the greedy people thinking that they be buying a shitcoin at the bottom.