I must give you some context on this Logan Paul crypto scandal before we get into this.
Logan Paul, brother of Jake Paul (who famously abused Mike Tyson in the ring on Netflix last week), is in some potentially deep trouble for allegedly buying, then promoting online, then selling a cryptocurrency called "Elongate."
A crypto wallet holding the currency has, according to the BBC, been connected to Paul.
From the BBC:
The BBC has discovered that shortly before Paul tweeted about a particular crypto coin in 2021, an anonymous crypto wallet with close connections to his public wallet had traded in the coin.
That anonymous wallet went on to make a $120,000 (£92,000) profit …
The wallet was later paid funds from Maverick Club [Logan Paul's fan club] and held Elongate when Paul promoted it on 10 May 2021.
Shortly after, it also traded in another Musk-related meme coin - after Paul had tweeted that it was headed 'to the moon'. In the crypto community, this means someone believes the price of the coin is about to shoot up.
About an hour before Paul's tweet, the unknown wallet purchased almost $160,000 (£123,000) worth of the token. The tweet prompted an influx of buyers, spiking the price.
Twelve hours later, the wallet sold most of its holding. The total profit made from this trade appears to be just over $120,000 (£92,000).
This led to the BBC sending a reporter down to interview Paul on the scandal. Paul and his PR team had agreed to this and invited the BBC down to his gym in Puerto Rico.
But then Paul did this:
Bro knew right away that it was a lookalike!
For context, here's a photo of the actual Logan Paul:
So instead of taking an interview and clearing the air on this scandal, Paul attempted to troll the BBC to their face…
And ended up coming off even more sus than he had before.
The BBC is currently working on a documentary called "Logan Paul: Bad Influence?"
Should be a doozy.
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