I UNCOVERED A BILLION DOLLAR FRAUD

Coffee here, posting on behalf of Strider, who's comment keeps getting deleted or flagged as spam for some reason. Strider's original post: CORRECTION! The V1-V2 100% TAX losses were overestimated and I regret the miscalculation. Our original estimate (docs.google.com/spreadsheets/d/1DJgPy4RwgaYAIefvPd… was $100M based on a calculation of the amount of money Safemoon MADE from the 100% tax. (total LP tokens generated over that period). The math was right but the interpretation was wrong. The real losses to INVESTORS appears to be lower, about $6,300,000. You can see this calculation here: www.reddit.com/r/CryptoCurrency/comments/tuumsi/sa… Thank you to @JopeSane on twitter for pointing this mistake out, we're always open to new evidence!

If my employer promised to put me in a new tax bracket, I'd assume they were about to make me unemployed.

He was not lying when he said he would put them into a nex tax bracket. The safemoon believers became so poor that they became tax exempted.

The entire cryto experiment really seems to be libertarians re-learning why we have financial regulations

Watching all these scammers, I am surprised FTX wasnt found out sooner.

The fact that he spelled phoenix wrong and then his own ego not letting him accept he make a mistake is hilarious

It's easier to fool someone than it is to convince someone they have been fooled

“It’s easier to fool people than convince them they’ve been fooled.” I think this applies to the “Safemoon army” perfectly.

"Its hard to tell when it was malicious and when it was stupid" summarizes the human condition

I'm convinced that in 10 years, 99.999999% of these projects will have the same conclusion (and in most cases, the same storyline)

crazy thing is if they just had a 1% "development" fee then they probably would have made just as much money but without the blatant fraud

I remember when 2 co-workers of mine told me about safemoon and how I should get in early like them. When they described it to me, I told them, "This sounds like a ponzi scheme." Cue nervous looks and laughter from them.

"lets talk about how to hide the evidence of our fraud scheme in a PUBLIC DISCORD CALL" is my favorite misstep here

Coffee has unironically become one of the most important YT channels in existence. It's weird to go back to some of his original videos before he pivoted to scams, and then later crypto.

A grown man calling himself a SafeMoon soldier and getting a tat of SafeMoon is so cringe 🤣🤣🤣

"We have a valuation of 3 to 4 billion dollars!" Well which is it because that's a massive range?

Coming back to rewatch as soon as I heard about their arrests

Can we discuss why the hell someone would get a Safemoon logo TATTOO?? Just because I’m invested into MasterCard doesn’t mean I’m getting a tattoo of two giant intersecting Red and Orange circles on my arm.

I’m honestly a bit worried Coffee is gonna ‘mysteriously disappear’ one day

This is what reporting used to be like. I wish Coffeezilla would cover other news topics too