Web3 systems and their tools have a significant place in the 21st century, as technology grows, the associated crimes will increase. A YouTuber named Stephen Findeisen single-handedly exposed the crypto scams, now becoming a threat to the whole online scam community.
The name Stephen Findeisen may not seem familiar to all, but Coffeezilla must be. Stephen Findeisen is a renowned American YouTuber and journalist who actively investigates and tries to expose online scams. In online scams, he mainly focuses on cryptocurrency, decentralized finance, and internet celebrities.
Stephen Findeisen-Biography
Stephen Findeisen, commonly known as Coffeezilla is a 38-year-old American YouTuber and crypto journalist. The content he actively works on is scams related to cryptocurrency, decentralized finance, and internet celebrities. He is a chemical engineering graduate from Texas A&M University and later came to the online content creation.
Findeisen has been an active content creator on YouTube since 2017. During the 3 years between 2017 and 2020, he was active with the channel Coffee Break. He is currently running the Cofeezilla YouTube channel with 3.76 million followers, to uncover the crimes related to decentralized finance and cryptocurrency. The international attention he got was from the ‘Save the Kids token’ investigation.
The motivation he got to fight against the scammers was from the experiences in his personal life. He explained to Lex Freidman in a podcast episode, that when his mother was diagnosed with cancer, he saw that many snake oil salespeople tried to sell this as a health cure. He experienced another scam in college too, his friend got cheated by multi-level marketers. These two specific incidents encouraged him to act against scammers. He is married to his childhood friend, and apart from this, there is not so much information about his personal life available.
Coffeezilla – Video Contents
- How cryptocurrency scammers use multiple crypto-wallets and non-fungible tokens to launder the stolen digital assets.
- How internet celebrities are being used to propagate fraudulent cryptocurrency and NFT scams to the users.
- Cheating and fraudulent activities related to the liquidity pool.
- Content related to fake Gurus, who take advantage of the people.
Renown Investigation of Coffeezilla
Stephen Findeisen vs Logan Paul a Dispute between Coffeezilla and Cryptozoo
The Cryptozoo is a major uncovered scam by Coffeezilla. Cryptozoo was a project released in 2021 in the form of a tap-to-earn game offering handmade art as the NFT. In this game, players can purchase NFT eggs and hatch them to reveal different animals. Users can create a variety of hybrid animals and sell them for $ZOO tokens.
Coffeezilla stated that Cryptozoo was involved in wrongful promotional strategies and might have exaggerated the possible returns and advertised it as less risky. Transparency was another issue of Cryptozoo, investors and users questioned the lack of transparency of the project. Coffeezilla alleged that the developers had suddenly cashed out the investments and got rid of the project soon, which led to a loss for the investors. The allegations and lawsuit battles are ongoing, Stephen Findeisen vs Cryptozoo has created enough fuzz in the cryptocurrency ecosystem.
More than that, this issue has impacted other crypto projects and investments. Right now investors are reluctant to be involved in the cryptoprojects because of the emergence of modern scams. Coffeezilla alleged that Cryptozoo had misled the investors and made a contract breach which led to the failure to deliver the predesigned promises. Logan Paul, who is the responsible person for the scam has come out and apologized to the people who bought into Cryptozoo and promised the refund of 1.3 million from his ETH supply. Right now Logan Paul and Stephen Findeisen are in dispute and the law and order procedures are in full swing. The crypto world is closely monitoring the current status of the dispute.
Conclusion
The crimes and scams are coming with a polished face, as technology grows, crime too will reach the finest level. Humankind is marching towards web3 technology and its applications, so the crimes associated with it will also emerge. The disputes and complexities involved in blockchain technology are nothing new.
The decentralized nature of the cryptocurrency ecosystem makes it more exposed to crimes. The lack of a regulating authority in this ecosystem can pave the way to modern crimes. Every individual is responsible for the betterment and safety of the field. Individuals like people like Stephen Findeisen are an example to the real world, crimes can be stopped if you truly work for it.
Coffeezilla is working hard to increase the credibility and accountability of online decentralized financial systems. He is now becoming a vigilante against the online scams and frauds through his critical approach and investigating skills. These online scams can be stopped, if only we focus more on the ethical side and morality of it.
