Ice Poseidon Appears To Have Transparently Stolen 500k From Fans In A Crypto Rugpull

Controversial streamer Ice Poseidon, aka Paul Denino, appears to have transparently scammed his followers for $500,000 in a pump-and-dump cryptocurrency scheme.

On Monday, YouTuber Coffeezilla posted a video accusing the streamer, who was banned from Twitch in 2017 for directing his followers to make a fake bomb threat on an airplane, of convincing his followers to invest in a cryptocurrency of his own making called "CxCoin," ditching the project after two weeks by selling all of his shares, and making off with a reported half-million dollars when the value plummeted. CxCoin was supposed to be a way for streamers to accept cryptocurrency donations, and Denino said he was in it for the long haul. Holders of CxCoin now have a virtually worthless bit of currency.

Coffeezilla confronts Denino in his video, and Denino doesn't seem remorseful about his scheme.

"Part of the responsibility is on them [the fans] as well, for putting too much emotion into it," Denino said on the call. "You want me to give the money back," he goes on to say, "but I'm gonna look out for myself and not do that."

🚨BREAKING! The famous livestreamer Ice Poseidon has admitted to taking $500,000+ from his fans in a crypto scam he started called CXCOIN. I confronted Ice on a call and he told me he was going to “look out for himself and not do that” (return the money)
FULL VIDEO OUT NOW pic.twitter.com/gsIanC1Ig9

— Coffeezilla (@coffeebreak_YT) January 31, 2022

Denino paid $200,000 of the half-million to developers and appears to have purchased a Tesla with some of the remainder.

According to Coffeezilla, Denino pledged he would give $155,000 back to investors, which is less than a third of what he received, when he realized the story would go public. According to Coffeezilla, he has only given $40,000 back so far.

After realizing a story would be run on this: Ice told me he was going to 'return $155K', which is a small fraction of what he took.

However he once again has lied, because to date--- only $40K has been returned to the liquidity pool. pic.twitter.com/E1rMecWU3U

— Coffeezilla (@coffeebreak_YT) January 31, 2022

At the moment, the basic gist of the story is that a minor internet celebrity scammed his fans out of $500,000, and there's nothing anyone can do about it but hope he has a change of heart.