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Paul Denino, aka “Ice Poseidon,” got his start on Twitch playing “Old School RuneScape” before becoming renowned for his chaotic IRL streams. He was kicked off the platform in 2017, and has since carved out a nice niche for himself on YouTube where, as of writing, he has some 730,000 subscribers. As The New Yorker suggested in 2018, Denino has never strayed too far from controversy. That’s included repeated problems with “swatting” — essentially a real life hoax, broadcast live as-it-happens — and run-ins with the cops.
Then, in 2021, there was his alleged scam involving his very own cryptocurrency called CxCoin. Per The Gamer, the YouTube star allegedly encouraged his fans to buy as much as possible, claiming the pursuit to be a long-term project. However, Denino kept this going for only two weeks, before selling off his holdings of CxCoin. The impact of his massive sell-off was seen immediately, as the value of the cryptocurrency plummeted.
In what the outlet called a pump-and-dump scheme, Denino created large quantities of his own crypto, got his followers to buy it which inflated the value, and then sold it all off, taking home $300,000 (plus $200,000 for the developers). Per a Kotaku report, the streamer appeared “remorseless” when confronted by Coffeezilla on the venture. On top of insisting there’d be no refunds, he told the whistle-blowing YouTuber, “sometimes you have to look out for yourself.” Clearly.
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