The Rise and Fall of Cxcoin

Last July, Paul “Ice Poseidon” Denino launched Cxcoin, a cryptocurrency aimed at streamers and content creators, all wrapped up in the dazzling allure of the Binance Smart Chain. He assured his fans, “Don’t worry, no rug pull here! All the money is locked in a smart contract!” Oh, really? Two weeks later, it seems he had a different game plan entirely.

The Great Escape: Rug Pull Edition

In what appeared to be a masterclass on how to disappear with investors’ cash, Denino allegedly pulled off a rug pull, sealing his fate with a staggering theft of around $750,000. This included:

• $300,000 from the liquidity pool
• $200,000 from presale funds
• $250,000 from a marketing wallet

One can’t help but wonder – was there ever a roadmap for honesty here?

The Confession

In a riveting interview with fellow YouTuber Coffeezillaa, Denino admitted to his actions with a striking nonchalance. “I took what wasn’t necessary,” he said, as if he were describing a trip to the supermarket rather than admitting to a financial heist. Somewhere amidst his justifications, he casually mentioned pocketing about $300,000. Honestly, if only his accounting skills were as sharp as his ability to deceive.

Community Backlash and Financial Fallout

Denino’s actions did not go unnoticed. Following public outrage, he returned a fraction of the funds. But if you think the community would simply let this slide, think again! Users flocked to platforms like Twitter, YouTube, and Discord to express their outrage. One user quipped, “He lived off donators’ money for too long and then decided to scam his fans once again.” A perfect example of how not to win friends and influence people.

Where’s the Money, Paul?

Just days after the funds mysteriously vanished, it came to light that Denino splurged on a brand new Tesla. I guess when you steal big, you play big? And what could possibly go wrong if you took your fans’ money and treated yourself to a fancy ride?

“To be fair, you have to have a very high IQ to understand crypto scams.” – Coffeezillaa

The End Game

Ice Poseidon’s journey through the world of streaming has been nothing short of controversial. Since his Twitch ban in 2017, his career has seen more ups and downs than a roller coaster. From bomb-threat hoaxes to now a failed crypto venture, one might wonder if this is truly the finale of his streaming saga or merely a chapter full of questionable choices.

While the scandal unfolds, the words of Coffeezillaa ring clear: “If Ice Poseidon made $300,000 from two weeks of cryptoscamming, where did that money come from? From thin air?” The crypto world may be chaotic and volatile, but one rule remains true: trust no one, especially not the man behind the curtain.