CELEBRITY PUMP AND DUMPS: Celebs who have been associated with Crypto projects that have rug pulled the community

Okay, so the concept of celebs, factors, musicians, sports stars being associated with Crypto projects either directly, or indirectly is vast. Every other week it seems another Logan Paul story appears of his ape like behaviour. I figured we'd have a little looksie at other celebs to be caught up in or been associated with less than proper Crypto projects.

Naughty naughty list

DJ Khaled, Manny Pacquiao and Floyd Mayweather: Centra Tech Scandal
Back in 2017, DJ Khaled and Floyd Mayweather were seen heavily promoting Centra Tech's ICO, claiming it would revolutionize the world of crypto payments. However, the founders were eventually charged with fraud, and the ICO turned out to be a massive scam, leading to losses for many investors. Manny Pacquiao, the legendary boxer, was also part of the Centra Tech promotional campaign. Both fighters faced backlash when the project turned out to be fraudulent.

Lindsay Lohan: Pump and Dump Scheme
Actress Lindsay Lohan raised eyebrows when she endorsed a cryptocurrency project called "LohanCoin." Shortly after her endorsement, the coin's value skyrocketed, only to crash soon after. Many accused her of being part of a pump-and-dump scheme.

Paris Hilton: Involvement in Various ICOs
Reality TV star Paris Hilton has been involved in several ICO promotions. While not all of them turned out to be rug pulls, her involvement in multiple ICOs raised suspicions in the crypto community.

T.I.: Involvement in Flik ICO
Rapper T.I. faced a lawsuit related to his involvement in promoting the Flik ICO. The lawsuit alleged that he and others had engaged in a fraudulent scheme, leading to losses for investors.

Soulja Boy: Misleading NFTs
Rapper Soulja Boy jumped on the NFT bandwagon, but some of his NFT releases were met with skepticism. Some users accused him of misleading marketing practices, raising concerns about the legitimacy of his NFT projects.

Lil Pump: Pump Token Saga
Rapper Lil Pump created his own cryptocurrency called "Pump Token." While not a rug pull, its sudden rise and fall raised concerns about celebrity-driven speculative assets.

Gwyneth Paltrow: Promoting Abra
Actress Gwyneth Paltrow's involvement with the cryptocurrency wallet and investment app Abra garnered attention. While Abra itself isn't a scam, the use of celebrity endorsements in the crypto space raises questions about transparency.

Kevin Hart: Lil' Bit Cash Scam
Comedian Kevin Hart was roped into promoting Lil' Bit Cash, a cryptocurrency project. However, the project's founders disappeared after the ICO, leaving investors with worthless tokens and a bitter taste.

Paul Pierce: SafeMoon Promotion
Former NBA player Paul Pierce promoted SafeMoon, a highly speculative cryptocurrency. While SafeMoon itself wasn't necessarily a scam, the risky nature of such tokens can lead to significant losses for investors.

Not their fault, NIL being used

Mike Tyson: Bitcoin ATM Scam
Boxing icon Mike Tyson, known for his interest in Bitcoin, was associated with a Bitcoin ATM scam. Scammers used his image to promote fraudulent Bitcoin ATMs, deceiving unsuspecting users.

Dwayne "The Rock" Johnson: Nonexistent "Rock Coin"
In 2021, a fake cryptocurrency called "Rock Coin" appeared, claiming to be endorsed by Dwayne "The Rock" Johnson. The actor quickly disassociated himself from the project, warning fans about the scam.

Good guy list

Lionel Messi: Notorious for Avoiding Crypto Endorsements
On the flip side, soccer legend Lionel Messi has been cautious about endorsing cryptocurrencies. Despite numerous offers, he has refrained from associating himself with crypto projects, setting a positive example for others.